ICICI Bank Q3 results: Net profit jumps 25% to Rs 6,194 cr; NII rises 23%

The bank reported improvement in gross NPAs ratio at 4.13% from 4.38% at the end of the third quarter of the previous year

Private sector lender ICICI Bank on Saturday reported 25% jump in standalone net profit at Rs 6,194 crore for the quarter ending December 31, 2021. It was Rs 4,940 crore in the year-ago period.

Net interest income grew by 23% to Rs 12,236 crore in Q3FY22 from Rs 9,912 crore in Q3FY21. 

The net interest margin was 3.96% in Q3FY22 as compared to 3.67% in Q3FY21 and 4% in the quarter ended September 30, 2021 (Q2FY22).

On Friday, the lender's scrip on BSE closed 0.66% lower at Rs 804.60.

Provisions (excluding provision for tax) declined by 27% year-on-year to Rs