ICICI Bank rose 5.4% to Rs 306.65 at 13:00 IST on BSE after net profit rose 12.08% to Rs 2976.16 crore on 8.11% rise in total income to Rs 15802.45 crore in Q1 June 2015 over Q1 June 2014.
The result was announced during market hours today, 31 July 2015.
Meanwhile, the BSE Sensex was up 325.11 points, or 1.17%, to 28,030.46.
On BSE, so far 8.54 lakh shares were traded in the counter, compared with an average volume of 9.64 lakh shares in the past one quarter.
Shares of private bank hit a high of Rs 306.90 and a low of Rs 293.60 so far during the day. The stock hit a record high of Rs 393.30 on 28 January 2015. The stock hit a 52-week low of Rs 280.55 on 8 June 2015.
On absolute basis, ICICI Bank's gross non-performing assets (NPAs) (net of write-offs) stood at Rs 15137.61 crore as on 30 June 2015, compared with Rs 15094.69 crore as on 31 March 2015 and Rs 10843.30 crore as on 30 June 2014. The ratio of gross NPAs to gross advances stood at 3.68% as on 30 June 2015 as against 3.78% as on 31 March 2015 and 3.05% as on 30 June 2014. The ratio of net NPAs to net advances stood at 1.91% as on 30 June 2015 as against 1.92% as on 31 March 2015 and 1.83% as on 30 June 2014.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 16.37% as on 30 June 2015 as against 17.02% as on 31 March 2015 and 17% as on 30 June 2014.
The bank's provision coverage ratio, computed in accordance with RBI guidelines, was 58.2% at 30 June 2015. Including cumulative prudential/technical write-offs, the provisioning coverage ratio was 69.7%.
ICICI Bank's net interest income increased 14% to Rs 5115 crore in Q1 June 2015 over Q1 June 2014. Non-interest income increased by 5% to Rs 2990 in Q1 June 2015 over Q1 June 2014. The cost-to-income ratio was at 37.8% in Q1 June 2015 compared to 38.4% in Q1 June 2014. Provisions were at Rs 955.39 crore in Q1 June 2015 compared to Rs 1344.73 crore in Q4 March 2015 and Rs 726.08 crore in Q1 June 2014.
Total advances increased by 15% to Rs 399738 crore in Q1 June 2015 over Q1 June 2014. The year-on-year growth in domestic advances was 17%. The bank has continued to see robust growth in its retail disbursements resulting in a year-on-year growth of 25% in the retail portfolio at 30 June 2015. The retail portfolio constituted about 43% of the loan portfolio of the bank at 30 June 2015.
The bank has seen healthy trends in CASA deposit mobilisation. The bank's savings account deposits grew by 14% in Q1 June 2015 over Q1 June 2014. During Q1 June 2015, savings account deposits increased by Rs 1905 crore. The bank's CASA ratio was at 44.1% at 30 June 2015 compared to 45.5% at 31 March 2015 and 43% at 30 June 2014. The average CASA ratio improved to 41.1% in Q1 June 2015 from 39.5% in Q1 June 2014 and 39.9% in Q4 March 2015. Total deposits increased by 10% to Rs 367877 crore year on year at 30 June 2015. Total CASA deposits increased by 12% year-on-year to Rs 162314 crore at 30 June 2015. At 30 June 2015, the bank had a network of 4,052 branches and 12,811 ATMs.
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