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2 min read | Updated on January 25, 2025, 15:15 IST
SUMMARY
ICICI Bank, announcing its financial results for the October-December quarter of the current fiscal (Q3 FY2%), reported a 14.8% year-over-year (YoY) jump in its standalone net profit to ₹11,792 crore. Its consolidated net profit increased to ₹11,052.60 crore, up ₹16.6% against Q3 FY24.
Shares of ICICI bank closed 0.99% up at ₹1,213.70 apiece on the NSE on Friday
ICICI Bank announced its financial results for the third quarter of the current fiscal year (Q3 FY25) on Saturday, January 25, reporting a standalone profit of ₹11,792 crore, up 14.8% year-over-year (YoY) as compared to ₹10,271.54 crore in Q3 FY24.
Net interest income (NII) income of the bank increased by 9.1% YoY to ₹20,371 crore against ₹18,678 crore posted in the year-ago period.
Net interest margin was at 4.25% in the reporting quarter as compared to 4.27% in Q2 FY25 and 4.43% in Q3 FY24.
Core operating profit of the bank rose by 13.1% YoY to ₹16,516 crore.
Net NPA ratio stood at 0.42% and the provisioning coverage ratio on non-performing loans was 78.2% in Q3 FY25.
Gross NPA ratio for Q3 FY25 was at 1.96% against 1.97% in Q2 FY25.
ICICI bank's consolidated net profit was at ₹12,883.37 crore, up 16.6% as compared to ₹11,052.60 crore reported in the year-ago period. On a sequential basis, the net profit fell by 0.5% against ₹12,947.77 in Q2 FY25. Consolidated assets of the bank were up by 14.7% YoY at ₹25,31,488 crore.
Shares of the bank ended 0.99% up at ₹1,213.70 apiece on the NSE on Friday, January 24. Market capitalisation of ICICI Bank stood at ₹8,56,945.95 crore.
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