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 (1QFY21); Net Profit Up 36.2% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, ICICI BANK has posted a net profit of Rs 26 bn (up 36.2% YoY). Sales on the other hand came in at Rs 199 bn (up 10.8% YoY). Read on for a complete analysis of ICICI BANK's quarterly results.

ICICI BANK Announces Quarterly Results (4QFY20); Net Profit Up 26.0% (Quarterly Result Update)

May 12, 2020 | Updated on May 12, 2020

For the quarter ended March 2020, ICICI BANK has posted a net profit of Rs 12 bn (up 26.0% YoY). Sales on the other hand came in at Rs 192 bn (up 11.0% YoY). Read on for a complete analysis of ICICI BANK's quarterly results.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?

A Zero Loss Strategy that Also Maximizes Returns in Volatile Stock Markets(Views On News)

Jul 24, 2020

Here's how to never lose money in stock markets.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ICICI BANK SHARE PRICE


Aug 6, 2020 (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

ICICI BANK - PUNJAB & SIND BANK COMPARISON

COMPARE ICICI BANK WITH

MARKET STATS