ICICI Bank Q1 Results 2024 LIVE Updates: ICICI Bank on Saturday reported a 14.6 per cent year-on-year jump in its net profit to Rs 15,412 crore for the first quarter of the current financial year 2024-25. Its net interest income during April-June 2024 jumped 7.3 per cent year-on-year to Rs 19,553 crore, compared with Rs 18,227 crore in the year-ago period.
ICICI Bank’s net interest margin stood at 4.36 per cent during the June 2024 quarter, lower as compared with 4.40 per cent in Q4-2024 and 4.78 per cent in Q1-2024, according to a BSE filing.
On a standalone basis, ICICI Bank has reported a 9.96 per cent increase in June quarter consolidated net profit at Rs 11,695.84 crore. The company had logged a profit of Rs 10,636.12 crore in the same period of 2023-24.
On a standalone basis, the country’s second-largest private sector lender reported 14.62 per cent rise in profit at Rs 11,059 crore as against Rs 9,648.2 crore in the year-ago period.
Its gross NPA ratio was 2.15 per cent at June 30, 2024, compared to almost flat as 2.16 per cent at March 31, 2024
The lender’s net NPA ratio was 0.43 per cent at June 30, 2024 compared to 0.42 per cent at March 31, 2024.
ICICI Bank’s provisioning coverage ratio on non-performing assets was 79.7 per cent at June 30, 2024.
Its total capital adequacy ratio, including profits for Q1 FY2025, was 16.63 per cent and CET-1 ratio was 15.92 per cent, on a standalone basis, at June 30, 2024.
The bank’s total period-end deposits increased by 15.1 per cent year-on-year and 0.9 per cent sequentially to Rs 14,26,150 crore at June 30, 2024.
Shares of ICICI Bank on Friday rose Rs 9.7 or 0.81 per cent to close at Rs 1,207.7 piece on the BSE.
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