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ICICI Bank: ICICI Bank shares surged more than 11% after record quarterly profits. m Cap Jump Rs56,959 Chlore

New Delhi: ICICI Bank shares surged more than 11% on Monday to Rs 551.1 billion in the September quarter after reporting record quarterly profits on a non-consolidated basis.
Stocks surged 10.80% and closed at Rs 841.05 at BSE. During the day, it zoomed 13.25 percent to a record high of 859.70 rupees.
At NSE, it rose 11.51% and was settled at Rs 846.75.
The company’s market capitalization has risen from 56,959.85 rupees to 5,83,350.85 rupees in BSE.
ICICI Bank was the largest winner of the sensex pack.
In terms of trading volume, 27.87 Rakı shares were traded on BSE and 9.61 Clore shares were traded on NSE.
ICICI Bank reported a record high quarterly profit of Rs 5,511 on a non-consolidated basis in the September 2021-22 September quarter, backed by sound loan growth across the industry, supported by a decline in non-performing loans. bottom.
Lenders posted an independent net income of Rs 4,251 in the year-ago quarter.
Sandeep Batra, Executive Director of ICICI Bank, said: I told reporters during the conference call.
ICICI Bank said in a regulatory filing that total revenues also rose to 26,031 rupees between July and September 2021-22, but rose to 23,651 rupees in the same quarter of the previous fiscal year. rice field.
On a consolidated basis, lenders posted record profits of Rs 6,092 in the quarter, compared to Rs 4,882 in the same period of the previous fiscal year.
Bank asset quality improved from 5.17% in the year-ago quarter, with total bad assets (NPA) dropping to 4.82% of total down payments as of September 30, 2021.
Net NPA (non-performing loans) also fell from 1% to 0.99%. According to the bank, net NPA has fallen to its lowest level since December 31, 2014.



ICICI Bank: ICICI Bank shares surged more than 11% after record quarterly profits. m Cap Jump Rs56,959 Chlore

Source link ICICI Bank: ICICI Bank shares surged more than 11% after record quarterly profits. m Cap Jump Rs56,959 Chlore

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