Apr 28, 2000|
ICICI posts outstanding financial performance
India's leading financial institution ICICI has reported a 21% jump in its net profits to Rs 12,060 m for the FY00 over the previous period, notwithstanding the enhanced provision and write-offs by 44% to Rs 6,900 m.
During the year, ICICI consolidated its presence in retail asset business with market share gains in home loans, auto loans and consumer durable loans.
ICICI's approvals increased by 37% to Rs 444.8 bn and disbursements went up by 34% to Rs 258.3 bn in FY00 compared to FY99. Infrastructure and Oil & Gas sectors aggregated 42% and 36% of approvals and disbursals respectively.
ICICI's net NPA ratio declined to 7.6% as on March 2000 compared to 8.1% in the last year. Lower exposure to manufacturing loans could be one of the reason for decline in the ratio. Also an industrial recovery from cyclical downturn of the previous two years helped the company in settling of its past dues.
Total capital adequacy ratio (CAR) of ICICI increased to 17.1% as on March 2000 as compared to 12.5% in the previous year due to successful completion of its three tier equity offering.
Snapshot of performance of subsidiaries in FY00 over the previous year:
- ICICI Bank's net profits increased by 66% to Rs 1,050 m.
- ICICI Securities' profits jumped up by 263% to Rs 720 m.
- ICICI Infotech's net profits grew by 249% to Rs 110 m.
- ICICI Venture registered a 500% rise in profits to Rs 380 m.
At the current market price of Rs 133 ICICI is available at a P/E of 9 times its FY00 earnings on a market cap to sales ratio of 1.2 times. ICICI enjoys the highest valuations amongst the financial institutions due to its premium brand and quality of services provided by it.
|Income from Operations
|Interest & Depreciation
|Operating Profit (EBDIT)
|Operating Profit Margin (%)
|Provisions & write-offs
|Profit before Tax
|Profit after Tax/(Loss)
|Net profit margin (%)
|Earnings per share*
More Views on News
Aug 10, 2017
HDFC starts FY18 on robust loan growth but asset quality slips on increased exposure to developer loans.
Jun 22, 2017
Demonetisation led slowdown coupled with shift to stringent bad loan norms keep Shriram Transport Finance on a slow wicket.
Jun 14, 2017
Power Finance Corporation earnings hit by RBI mandated higher provision on state government power generation projects where the recovery continues to be 100%.
May 30, 2017
IDFC regains its tempo in FY17 post the demerger of the banking business.
May 9, 2017
HDFC ends FY17 on a tepid note as it remains conservative on the asset quality front.
More Views on News
Aug 7, 2017
The data tells us quite a different story from the one the government is trying to project.
Aug 10, 2017
Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.
Aug 8, 2017
Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...
Aug 12, 2017
The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.
Aug 7, 2017
Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...
Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement. LEGAL DISCLAIMER:
Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here
. The performance data quoted represents past performance and does not guarantee future results.SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: firstname.lastname@example.org. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407