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This is an entirely free service. No payments are to be made.ICICI Bank declared the results for the second quarter of the financial year ended March 2018 (2QFY18). The bank has reported an 8.4% YoY growth in net interest income while net profits declined 8.2% YoY in 2QFY18. Here is our analysis of the results.
Rs (m) | 2QFY17 | 2QFY18 | Change | 1HFY17 | 1HFY18 | Change |
---|---|---|---|---|---|---|
Interest income | 136,394 | 135,771 | -0.5% | 269,697 | 270,362 | 0.2% |
Interest expense | 83,861 | 78,680 | -6.2% | 165,578 | 157,373 | -5.0% |
Net Interest Income | 52,533 | 57,091 | 8.7% | 104,118 | 112,989 | 8.5% |
Net interest margin (%) | 3.15% | 3.27% | ||||
Other Income | 91,197 | 51,862 | -43.1% | 125,489 | 85,742 | -31.7% |
Other Expense | 37,369 | 39,088 | 4.6% | 71,100 | 77,033 | 8.3% |
Provisions and contingencies | 70,827 | 45,029 | -36.4% | 95,972 | 71,117 | -25.9% |
Profit before tax | 35,534 | 24,836 | -30.1% | 62,536 | 50,581 | -19.1% |
Tax | 4,511 | 4,254 | -5.7% | 9,190 | 9,510 | 3.5% |
Profit after tax/ (loss) | 31,023 | 20,582 | -33.7% | 53,346 | 41,072 | -23.0% |
Net profit margin (%) | 22.7% | 15.2% | 19.8% | 15.2% | ||
No. of shares (m)* | 6,416.8 | |||||
Book value per share (Rs) | 160.2 | |||||
P/BV (x)* | 1.9 |
(Rs m) | 1QFY17 | % of total | 1QFY18 | % of total | Change |
---|---|---|---|---|---|
Advances | 4,494,270 | 4,640,750 | 3.3% | ||
Retail | 2,085,341 | 46.4% | 2,473,520 | 53.3% | 18.6% |
Corporate | 2,408,929 | 53.6% | 2,167,230 | 46.7% | -10.0% |
Deposits | 4,240,860 | 4,862,540 | 14.7% | ||
CASA | 1,912,628 | 45.1% | 2,382,645 | 49.0% | 24.6% |
Term deposits | 2,328,232 | 54.9% | 2,479,895 | 51.0% | 6.5% |
Credit deposit ratio | 106.0% | 95.4% |
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