Business Standard

ICICI Bank slumps on weak Q3 numbers

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BS Reporter Mumbai

The stock ended at Rs 845, down 1.5% from its previous close. The counter clocked volumes of 7.43 lakh shares on the BSE.
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(Updated at 0944hrs)

ICICI Bank is trading weak after reporting disappointing numbers in the December 2009 quarter. The stock is quoting at Rs 829, weaker by Rs 23 or 2.7%, on the BSE. The shares had opened at Rs 835, and have touched a high of Rs 838 and a low of Rs 825 thus far.

The country’s largest private sector lender said that its consolidated net profit in Q3FY2010 fell 26.36 per cent to Rs 1,148.66 crore largely due to a loss on the treasury portfolio.

 

The bank’s consolidated total income declined by 16.23 crore to Rs 14,176.84 crore.

On a standalone basis, ICICI Bank’s net profit fell 13.45 per cent to Rs 1,101 crore during the quarter as other income fell.

 

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First Published: Jan 22 2010 | 4:00 PM IST

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