ICICI Bank adds Rs 13,716 crore in market value
Shares of ICICI Bank settled over 1 per cent higher on Monday after the company reported a 13.88 per cent jump in consolidated net profit for the June quarter.
The stock edged up by 1.32 per cent to close at Rs 1,461 on the BSE. During the day, it went up by 2.63 per cent to Rs 1,479.90. At the NSE, the stock climbed 1.10 per cent to end at Rs 1,460.20. The company’s market valuation went up by Rs 13,716.46 crore to Rs 10,48,158.23 crore.
ICICI Bank on Saturday reported a 13.88 per cent jump in the consolidated profit to Rs 15,440 crore in Q1FY27, up from Rs 13,558 crore in the year-ago period on the back of faster credit growth. In an exchange filing, the second-largest private-sector lender said its standalone net profit grew 15.95 per cent to Rs 14,804 crore for the April-June quarter, up from Rs 12,768 crore in the same period of the preceding fiscal. The bank’s Net Interest Income (NII) increased 12.7 per cent year-on-year to Rs 24,384 crore in the quarter under review, on the back of a nearly 20 per cent jump in advances and a slight widening in the net interest margin to 4.36 per cent.
From an asset quality perspective, the gross non-performing assets ratio improved to 1.38 per cent from 1.67 per cent a year ago and 1.40 per cent at the end of March this year.
