Friday 29 April 2016

ICICI Bank Q4 net profit at Rs.702 crore; below estimates

Total Income has increased from Rs. 162347.30 mn for the quarter ended March 31, 2015 to Rs. 185908.60 mn for the quarter ended March 31, 2016 

ICICI Bank posted results for the fourth quarter ended 31st March, 2016.

The net profit for the quarter was at Rs.702 crore.

Total Income has increased from Rs. 162347.30 million for the quarter ended March 31, 2015 to Rs. 185908.60 million for the quarter ended March 31, 2016.

The Bank has posted a net profit of Rs. 97262.90 million for the year ended March 31, 2016 as compared to Rs. 111753.50 million for the year ended March 31, 2015.

 Total Income has increased from Rs. 612672.70 million for the year ended March 31, 2015 to Rs. 680624.80 million for the year ended March 31, 2016.

Net NPA was at Rs.12,963 crore.

The board approves part stake sale in ICICI Life Via IPO.

Total Capital Adequacy Ratio was at 16.64%.

The Provisions was at Rs.3,326.2 crore as against Rs.2,844 Cr (QoQ), Vs Rs.1,344.7 Cr (YoY).

The Board of Directors of the Bank at its meeting held on April 29, 2016, inter alia, has recommended dividend of Rs. 100/- per preference share on 350 preference shares of the face value of Rs. 1 crore each; and dividend of Rs. 5/- (Rupees five) per equity share of face value of Rs. 2/- each, subject to requisite approvals.

ICICI Bank Ltd is currently trading at Rs. 237.65, down by Rs. 2.5 or 1.04% from its previous closing of Rs. 240.15 on the BSE.

The scrip opened at Rs. 240.1 and has touched a high and low of Rs. 241.5 and Rs. 234.7 respectively. So far 19594911(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 139650.69 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.35 on 06-May-2015 and a 52 week low of Rs. 180.8 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs. 257.15 and Rs. 239.05 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 65.43 % and 9.36 % respectively.

The stock is currently trading above its 200 DMA.

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