ICICI BANK Announces Quarterly Results (2QFY20); Net Profit Down 27.9%

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 (2QFY20); Net Profit Down 27.9%
Tue, 29 Oct

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

ICICI BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Operating incomeRs m151,056179,801185,6533.3%22.9%
Other incomeRs m31,56534,25441,94222.4%32.9%
Total revenuesRs m182,621214,055227,5956.3%24.6%
InterestRs m86,881102,426105,0792.6%20.9%
Gross Profit Rs m64,17677,37480,5744.1%25.6%
Other expensesRs m43,24448,74453,77610.3%24.4%
Profit before taxRs m12,55427,92743,67256.4%247.9%
TaxRs m3,4658,84737,123319.6%971.2%
Profit after taxRs m9,08919,0806,550-65.7%-27.9%
Gross profit margin %42.543.043.4
Effective tax rate%27.631.785.0
Net profit margin%6.010.63.5
* 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 22.9% on a year-on-year (YoY) basis. The interest expended was up by 20.9% YoY during the same period.
  • The bank's operating profit increased by 25.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.4% in 2QFY20 as against 42.5% in 2QFY19.
  • Other income increased by 32.9% YoY during the quarter.
  • Net profit for the quarter declined by 27.9% YoY. Net profit margins during the quarter declined from 6.0% in 2QFY19 to 3.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 3.3% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 2.6% QoQ during the same period.
  • The bank's operating profit increased by 4.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.4% in 2QFY20 as against 43.0% in 1QFY19.
  • Net profit for the quarter declined by 65.7% QoQ, while net profit margins declined from 10.6% in 1QFY19 to 3.5% in 2QFY20.

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

ENDING SOON: Discover Our Top 7 Stocks for 2020 Virtually FREE till 11:59pm TODAY Only!

ICICI BANK Share Price Performance

Over the last one year,ICICI BANK share price has moved up from Rs 349.2 to Rs 468.8, registering a Gain of Rs 119.7 or around 34.3%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 33,444.2 (up 0.1%). Over the last one year it has moved up from 28,029.4 to 33,444.2, a gain of 5,415 points (up 19.3%).

Overall, the S&P BSE SENSEX is up 16.0% over the year.

Current Valuations

At the current price of Rs 468.8, the price to earnings (P/E) ratio of ICICI BANK stands at 58.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

Equitymaster requests your view! Post a comment on "ICICI BANK Announces Quarterly Results (2QFY20); Net Profit Down 27.9%". Click here!

  

Related Views on News

ICICI BANK Announces Quarterly Results (3QFY20); Net Profit Up 158.4% (Quarterly Result Update)

Jan 27, 2020 | Updated on Jan 27, 2020

For the quarter ended December 2019, ICICI BANK has posted a net profit of Rs 41 bn (up 158.4% YoY). Sales on the other hand came in at Rs 191 bn (up 17.1% YoY). Read on for a complete analysis of ICICI BANK's quarterly results.

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

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, ICICI BANK has posted a net profit of Rs 19 bn (up 1696.0% YoY). Sales on the other hand came in at Rs 180 bn (up 22.1% YoY). Read on for a complete analysis of ICICI BANK's quarterly results.

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

Multibaggers of the Next Decade(The 5 Minute Wrapup)

Feb 26, 2020

The one key ingredient to be seen amongst top multibaggers of the next decade.

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

The Top 8 Trading Mistakes You Should Avoid(Fast Profits Daily)

Feb 18, 2020

Avoid these mistakes and your trading will turn much more profitable.

Corona Virus Could Trigger a Rally in this Stock(Profit Hunter)

Feb 20, 2020

A company which benefits from crude oil and coronavirus - if you would like to know more about it read this.

This is What You Must Know as an Options Trader Today(Fast Profits Daily)

Feb 27, 2020

How you can stay on top of the challenges as an options trader.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

ICICI BANK SHARE PRICE


Feb 28, 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 - WELLS FARGO COMPARISON

COMPARE ICICI BANK WITH

MARKET STATS