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ICICI Bank edges lower on disappointing Q3 results

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Capital Market
Last Updated : Feb 01 2018 | 10:04 AM IST

ICICI Bank declined 0.27% to Rs 352 at 9:35 IST on BSE after the bank reported 32.4% slide in net profit to Rs 1650.24 crore on 4.1% fall in total income to Rs 16832.22 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 31 January 2018.

Meanwhile, the S&P BSE Sensex was up 143.75 points or 0.4% at 36,108.77.

On the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 15.27 lakh shares in the past one quarter. The stock had hit a high of Rs 354.30 and a low of Rs 347.20 so far during the day. The stock had hit a record high of Rs 365.65 on 29 January 2018 and a 52-week low of Rs 238.91 on 1 February 2017.

The stock had outperformed the market over the past one month till 31 January 2018, gaining 12.4% compared with 5.6% gains in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.67% as against Sensex's 8.29% rise. The scrip had also outperformed the market in past one year, gaining 44.3% as against Sensex's 30.04% rise.

The large-cap bank has equity capital of Rs 1284.71 crore. Face value per share is Rs 2.

ICICI Bank's gross non-performing customer assets (NPAs) net of write offs stood at Rs 46038.70 crore as on 31 December 2017 as against Rs 44488.54 crore as on 30 September 2017 and Rs 38084.97 crore as on 31 December 2016.

The ratio of gross non performing customer assets (net of write-offs) to gross customer assets stood at 7.82% as on 31 December 2017 as against 7.87% as on 30 September 2017 and 7.2% as on 31 December 2016.

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The ratio of net non performing customer assets to net customer assets stood at 4.2% as on 31 December 2017 as against 4.43% as on 30 September 2017 and 3.96% as on 31 December 2016.

The bank's provisions and contingencies rose 31.59% to Rs 3569.56 crore in Q3 December 2017 over Q3 December 2016.

ICICI Bank is one of the leading private sector banks in India.

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First Published: Feb 01 2018 | 9:51 AM IST

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