ICICI Bank fell 1.56% to Rs 258.75 at 9:18 IST on BSE after net profit fell 24.99% to Rs 2232.35 crore on 6.06% increase in total income to Rs 16759.51 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours on Friday, 29 July 2016.Meanwhile, the BSE Sensex was up 31.22 points, or 0.11%, to 28,083.08.
On BSE, so far 87,000 shares were traded in the counter, compared with an average volume of 12.77 lakh shares in the past one quarter. The stock hit a high of Rs 261.45 and a low of Rs 256 so far during the day. The stock hit a 52-week high of Rs 319.70 on 5 August 2015. The stock hit a 52-week low of Rs 180.80 on 26 February 2016. The stock had outperformed the market over the past one month till 29 July 2016, rising 11.14% compared with 4.90% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.09% as against Sensex's 9.55% rise.
The large-cap company has an equity capital of Rs 1163.42 crore. Face value per share is Rs 2.
ICICI Bank's gross non-performing assets (NPAs) stood at Rs 27193.58 crore as on 30 June 2016 as against Rs 26221.25 crore as on 31 March 2016 and Rs 15137.61 crore as on 30 June 2015. The ratio of gross NPAs to gross advances stood at 5.87% as on 30 June 2016 as against 5.82% as on 31 March 2016 and 3.68% as on 30 June 2015. The ratio of net NPAs to net advances stood at 3.35% as on 30 June 2016 as against 2.98% as on 31 March 2016 and 1.58% as on 30 June 2015. The bank's provisions and contingencies (excluding tax provisions) rose 163.19% to Rs 2514.52 crore in Q1 June 2016 over Q1 June 2015. Provision coverage ratio of the bank was at 57.1% as on 30 June 2016.
The bank said it continued to achieve robust growth in current and savings account (CASA) deposits. ICICI Bank's total CASA deposits increased by 18% to Rs 191348 crore as on 30 June 2016 over 30 June 2015. The bank's CASA ratio was 45.1% at 30 June 2016 compared to 45.8% at 31 March 2016 and 44.1% at 30 June 2015. The average CASA ratio was at 41.7% in Q1 June 2016 compared to 40.5% in Q4 March 2016 and 41.1% in Q1 June 2015. Total deposits increased by 15% to Rs 424086 crore at 30 June 2016 over 30 June 2015. The bank had a network of 4,451 branches and 14,073 ATMs at 30 June 2016.
On a consolidated basis, the bank's net profit fell 22.17% to Rs 2515.85 crore on 9.03% increase in total income to Rs 24483.75 crore in Q1 June 2016 over Q1 June 2015.
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ICICI Bank is one of the leading private sector banks in India.
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