ICICI Bank tanked 5.18% to Rs 360.25 at 14:48 IST on BSE as the bank's net NPAs rose to Rs 4831 crore as on 31 December 2014, from Rs 3997 crore as on 30 September 2014 and Rs 3121 crore as on 31 December 2013.
The Q3 result was announced during market hours today, 30 January 2015.
Meanwhile, the S&P BSE Sensex was down 536.19 points or 1.81% at 29,145.58.
The stock fell on heavy volumes. On BSE, so far 18.55 lakh shares were traded in the counter as against average daily volume of 4.81 lakh shares in the past one quarter.
The stock was volatile. The stock fell as much as 6.61% at the day's low of Rs 354.80 so far during the day. The stock rose as much as 1.03% at the day's high of Rs 383.90 so far during the day. The stock had hit a record high of Rs 393.30 on 28 January 2015. The stock had hit a 52-week low of Rs 188.85 on 4 February 2014.
The stock had outperformed the market over the past one month till 29 January 2015, surging 8.74% compared with Sensex's 8.34% rise. The scrip had also outperformed the market in past one quarter, advancing 18.45% as against Sensex's 9.53% rise.
The large-cap private sector bank has equity capital of Rs 1158.57 crore. Face value per share is Rs 2.
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The bank's net non-performing assets (NPAs) as on 31 December 2014 were at Rs 4831 crore, compared to Rs 3997 crore as on 30 September 2014 and Rs 3121 crore as on 31 December 2013. The net NPA ratio was at 1.12% as on 31 December 2014, compared to 0.96% as on 30 September 2014 and 0.81% as on 31 December 2013.
ICICI Bank's net profit rose 14.09% to Rs 2889.04 crore on 8.91% growth in total income to Rs 15526.88 crore in Q3 December 2014 over Q3 December 2013.
ICICI Bank's net interest income (NII) rose 13% to Rs 4812 crore in Q3 December 2014 over Q3 December 2013. Non interest income rose 10% to Rs 3091 crore in Q3 December 2014 over Q3 December 2013.
ICICI Bank's net interest margin (NIM) improved to 3.46% in Q3 December 2014, from 3.32% in Q3 December 2013.
The bank's provisions jumped 41% to Rs 980 crore in Q3 December 2014 over Q3 December 2013.
The bank's current and savings account (CASA) deposits rose 14% year-on-year (YoY) in Q3 December 2014. CASA ratio stood at 44% as on 31 December 2014.
The bank's provision coverage ratio, computed in accordance with RBI guidelines, was 63.5% as at 31 December 2014. Net loans to companies whose facilities have been restructured were Rs 12052 crore at 31 December 2014 compared to Rs 11020 crore at 30 September 2014 and Rs 8602 crore at 31 December 2013.
ICICI Bank said that it has continued with its strategy of pursuing profitable growth. The bank continued to grow its retail franchise and has seen strong growth in the retail loan portfolio. The bank continued to strengthen its deposit franchise with healthy mobilisation of CASA deposits, leveraging its branch network and technology initiatives, ICICI Bank said.
On consolidated basis, ICICI Bank's net profit rose 13.68% to Rs 3265.32 crore on 12.21% growth in total income to Rs 23053.82 crore in Q3 December 2014 over Q3 December 2013.
ICICI Bank is a leading private sector bank in India. As at 31 December 2014, the bank had 3,850 branches and 12,091 ATMs.
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