ICICI BANK Announces Quarterly Results (3QFY21); Net Profit Up 19.1%

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 (3QFY21); Net Profit Up 19.1%
Mon, 1 Feb

ICICI BANK has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

ICICI BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Operating incomeRs m190,643196,225197,2980.5%3.5%
Other incomeRs m45,74040,28346,86316.3%2.5%
Total revenuesRs m236,383236,508244,1613.2%3.3%
InterestRs m105,190102,56498,173-4.3%-6.7%
Gross Profit Rs m85,45393,66199,1255.8%16.0%
Other expensesRs m55,70751,33357,79012.6%3.7%
Profit before taxRs m54,65452,65860,78015.4%11.2%
TaxRs m13,19010,14511,38512.2%-13.7%
Profit after taxRs m41,46542,51349,39616.2%19.1%
Gross profit margin %44.847.750.2
Effective tax rate%24.119.318.7
Net profit margin%21.721.725.0
* 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 3.5% on a year-on-year (YoY) basis. The interest expended was down by 6.7% YoY during the same period.
  • The bank's operating profit increased by 16.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 50.2% in 3QFY21 as against 44.8% in 3QFY20.
  • Other income increased by 2.5% YoY during the quarter.
  • Net profit for the quarter increased by 19.1% YoY. Net profit margins during the quarter increased from 21.7% in 3QFY20 to 25.0% in 3QFY21.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 0.5% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 4.3% QoQ during the same period.
  • The bank's operating profit increased by 5.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 50.2% in 3QFY21 as against 47.7% in 2QFY20.
  • Net profit for the quarter increased by 16.2% QoQ, while net profit margins increased from 21.7% in 2QFY20 to 25.0% in 3QFY21.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

ICICI BANK Share Price Performance

Over the last one year, ICICI BANK share price has moved up from Rs 504.5 to Rs 602.5, registering a Gain of Rs 98.0 or around 19.4%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 37,394.2 (up 7.9%). Over the last one year it has moved up from 34,161.4 to 37,394.2, a gain of 3,233 points (up 9.5%).

Overall, the S&P BSE SENSEX is up 18.6% over the year.

Current Valuations

At the current price of Rs 602.5, the price to earnings (P/E) ratio of ICICI BANK stands at 30.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

Equitymaster requests your view! Post a comment on "ICICI BANK Announces Quarterly Results (3QFY21); Net Profit Up 19.1%". 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

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The 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


Apr 9, 2021 (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 8-QTR ANALYSIS

COMPARE ICICI BANK WITH

MARKET STATS