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Company NameReco DateReco PriceExit PriceExit Date% ReturnIn days
Bharat Forge Ltd. 25/07/20241,593.85952.3007/04/2025 -40.25% 256 days
ITC Ltd. 28/12/2023464.20487.5002/01/2025 5.02% 1 yrs
Britannia Industries Ltd. 27/07/20234,875.805,028.2512/11/2024 3.13% 1 yrs
JSW Steel Ltd. 22/02/2024826.951,003.0026/09/2024 21.29% 217 days
Bajaj Auto Ltd. 22/08/20249,910.0011,930.0017/09/2024 20.38% 26 days
Dr. Reddy's Laboratories Ltd. 26/10/20235,429.306,536.0005/07/2024 20.38% 253 days
Shriram Finance Ltd. 25/04/20242,430.102,955.0028/06/2024 21.60% 64 days
Coal India Ltd. 25/01/2024389.50501.6022/05/2024 28.78% 118 days
Infosys Ltd. 27/10/20221,522.601,411.6019/04/2024 -7.29% 1 yrs
State Bank Of India 25/05/2023581.30782.0505/03/2024 34.53% 285 days

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ICICI Bank profit rises 36 per cent YoY for Q1FY21
DSIJ Intelligence
/ Categories: Trending, Quarterly Results

ICICI Bank profit rises 36 per cent YoY for Q1FY21

ICICI Bank Ltd., an Indian multinational banking and financial services company announced its quarterly results on July 25, 2020. Profit after tax (PAT) stood at Rs 2,599.15 crore for Q1FY21, which increased by 36.2 per cent YoY, as compared to Rs 1,908 crore it reported for the same quarter, previous year.

Net interest income (NII) came in at Rs 9,279.75 crore, which witnessed a growth of 19.9 per cent YoY, compared to Rs 7,737.43 crore in Q1FY20. The net interest margin was 3.69 per cent in Q1FY21 compared to 3.61 per cent in Q1FY20.

The bank posted a total income of Rs 26,066.95 crore in Q1FY21 that increased by 21.8 per cent YoY from Rs 21,405.5 crore in Q1FY20. Operating profit in Q1FY21 was at Rs 10,776.45 crore with a growth of 71.4 per cent YoY, compared to Rs 6,288.46 crore in Q1FY20.

Provisions and contingencies increased by 117.2 per cent YoY to Rs 7,593.95 crore in Q1FY21, as against Rs 3,495.73 crore in Q1FY20.

On asset quality front, gross non-performing asset (NPA) reported in Q1FY21 stood at Rs 40,386.24 crore, which registered a decline of 2.5 per cent QoQ. Net NPA reported in Q1FY21 came in at Rs 8,674.65 crore, which registered a decline of 14.2 per cent QoQ.

 Gross NPA stood at 5.5 per cent in Q1FY21, which reduced by 7 bps QoQ, compared to 5.53 per cent for the previous quarter. Net NPA stood at 1.23 per cent in Q1FY21 that declined by 18 bps QoQ, as against 1.41 per cent in Q4FY20. Capital adequacy ratio stood at 16 per cent in Q1FY21, which declined 11 per cent QoQ, as against 16.11 per cent in Q4FY20.

On Friday, the stock declined by 2.66 per cent and closed at Rs381.85 on BSE.

Particulars

Q1FY21

(Rs in cr)

Q1FY20

(Rs in cr)

Per cent

Change

Net Profit

2,599.15

1,908.03

36.2

Net interest income

9,279.75

7,737.43

19.9

 Net Interest Margin (per cent)

 3.69

 3.61

8 bps 

Operating profit

10,776.45

6,288.46

71.4

Provisions and contingencies

7,593.95

3,495.73

117.2

       

Particulars

Q1FY21

Q4FY20

Change

Gross NPA(per cent)

5.46

5.53

-0.07 bps

Net NPA (per cent)

1.23

1.41

-0.18 bps

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