ICICI BANK Announces Quarterly Results (1QFY20); Net Profit Up 1696.0%

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

  • MyStocks

MEMBER'S LOGINX

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

ICICI BANK Announces Quarterly Results (1QFY20); Net Profit Up 1696.0%
Mon, 29 Jul

ICICI BANK has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ICICI BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Operating incomeRs m147,224172,928179,8014.0%22.1%
Other incomeRs m38,51836,21034,254-5.4%-11.1%
Total revenuesRs m185,742209,138214,0552.4%15.2%
InterestRs m86,20596,727102,4265.9%18.8%
Gross Profit Rs m61,01976,20177,3741.5%26.8%
Other expensesRs m41,45350,07748,744-2.7%17.6%
Profit before taxRs m-1,6297,82027,927257.1%
TaxRs m-434-1,8718,847
Profit after taxRs m-1,1969,69119,08096.9%
Gross profit margin %41.444.143.0
Effective tax rate%26.6-23.931.7
Net profit margin%-0.85.610.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 22.1% on a year-on-year (YoY) basis. The interest expended was up by 18.8% YoY during the same period.
  • The bank's operating profit increased by 26.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.0% in 1QFY20 as against 41.4% in 1QFY19.
  • Other income declined by 11.1% YoY during the quarter.
  • Net profit for the quarter increased by 1696.0% YoY. Net profit margins during the quarter increased from -0.8% in 1QFY19 to 10.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 4.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 5.9% QoQ during the same period.
  • The bank's operating profit declined by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 43.0% in 1QFY20 as against 44.1% in 4QFY19.
  • Net profit for the quarter increased by 96.9% QoQ, while net profit margins increased from 5.6% in 4QFY19 to 10.6% in 1QFY20.

To see how ICICI BANK has performed over the last eight quarters,please visit here.

ICICI BANK Share Price Performance

Over the last one year,ICICI BANK share price has moved up from Rs 293.3 to Rs 433.0, registering a Gain of Rs 139.7 or around 47.6%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 33,297.4 (up 0.5%). Over the last one year it has moved up from 30,743.1 to 33,297.4, a gain of 2,554 points (up 8.3%).

Overall, the S&P BSE SENSEX is up 2.2% over the year.

Current Valuations

At the current price of Rs 433.0, the price to earnings (P/E) ratio of ICICI BANK stands at 51.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

Equitymaster requests your view! Post a comment on "ICICI BANK Announces Quarterly Results (1QFY20); Net Profit Up 1696.0%". Click here!

  

Related Views on News

ICICI BANK Announces Quarterly Results (4QFY19); Net Profit Down 5.0% (Quarterly Result Update)

May 8, 2019 | Updated on May 8, 2019

For the quarter ended March 2019, ICICI BANK has posted a net profit of Rs 10 bn (down 5.0% YoY). Sales on the other hand came in at Rs 173 bn (up 21.2% YoY). Read on for a complete analysis of ICICI BANK's quarterly results.

ICICI BANK Announces Quarterly Results (3QFY19); Net Profit Down 2.7% (Quarterly Result Update)

Jan 31, 2019 | Updated on Jan 31, 2019

For the quarter ended December 2018, ICICI BANK has posted a net profit of Rs 16 bn (down 2.7% YoY). Sales on the other hand came in at Rs 163 bn (up 19.1% YoY). Read on for a complete analysis of ICICI BANK's quarterly results.

ICICI Bank: Stake Sale in Insurance Subsidiary Aids Bottomline (Quarterly Results Update - Detailed)

Nov 7, 2017

The net profits of the company fell by 33% YoY during the quarter. The company is undergoing an RBI audit, and the divergences as reported by RBI will be the key thing to watch out for going ahead.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

What if Indiabulls Housing Finance and Yes Bank Do Not Rebound?(Profit Hunter)

Oct 1, 2019

How long should you wait for fallen blue chips like Yes Bank and Indiabulls Housing Finance to rebound?

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

ICICI BANK SHARE PRICE


Oct 14, 2019 (Close)

TRACK ICICI BANK

  • 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

COMPARE ICICI BANK WITH

MARKET STATS