Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
ICICI Bank: Signs of comeback - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

ICICI Bank: Signs of comeback

Jul 27, 2012

ICICI Bank declared the results for the first quarter of financial year 2012-2013 (1QFY13). The bank has reported 32% YoY growth in net interest income and 36% YoY growth in net profits for the first quarter. Here is our analysis of the results.

Performance summary
  • Net interest income grows by 32% in 1QFY13 on the back of 22% YoY growth in advances while net interest margin (NIM) improved to 3.0% from 2.6% in 1QFY12.
  • Cost to income ratio reduces to 42% from 44.7% in 1QFY12.
  • Capital adequacy ratio healthy at 18.5% at the end of June 12.
  • Net NPAs remain stable at 0.6% of advances in 1QFY13 as was the case in 4QFY12 (0.9% in 1QFY12).
  • Bottomline grows by 36% YoY in 1QFY13 largely due to higher interest margins and other income. This is despite increase in provisioning which enhanced coverage ratio to 80.6% in June 2012.
Standalone Financial Performance
Rs (m) 1QFY12 1QFY13 Change
Interest income 76,185 95,456 25.3%
Interest Expense 52,076 63,527 22.0%
Net Interest Income 24,109 31,929 32.4%
NIM (%) 2.6% 3.0%  
Other Income 16,428 18,799 14.4%
Other Expense 18,197 21,235 16.7%
Provisions and contingencies 4,538 4,658 2.6%
Profit before tax 17,802 24,835 39.5%
Tax 4,479 6,684 49.2%
Profit after tax / (loss) 13,323 18,151 36.2%
Net profit margin (%) 17.5% 19.0%  
No. of shares (m)   1,152.9  
Book value per share (Rs)*   546.7  
P/BV (x)               1.7  

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms


Mar 22, 2019 11:45 AM


  • Track your investment in ICICI BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks