ICICI Bank provided the market much reason to cheer about in late trading today after it said fourth quarter net profit improved to Rs 337.68 crore, on a total income to Rs 2,834.44 crore. The scrip closed at Rs 131.95, up 1.34. per cent.
The results announcement prompted the bank scrip to recover from its intra-day low of Rs 128.10 and edge up 1.54 per cent over its previous close to Rs 132.20. A total of 9.72 lakh ICICI Bank shares changed hands on the BSE today.
The results for the year ended March 31 include the results of the erstwhile ICICI and its subsidiaries ICICI Personal Financial Services and ICICI Capital Services which were amalgamated with the bank with effect from March 30, 2002.
The financials for the current period are, therefore, not comparable with earlier periods. The bank has also recommended a dividend of 75 per cent (Rs 7.50 per share on a face value of Rs 10 per share) for the financial year ended March 31.
Meanwhile, the bank
