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  1. ICICI Bank shares gains 2% on strong Q3 results, profit hits ₹11,792 crore

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ICICI Bank shares gains 2% on strong Q3 results, profit hits ₹11,792 crore

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1 min read | Updated on January 27, 2025, 12:45 IST

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SUMMARY

ICICI Bank shares climbed over 2% in early trade on Monday following the announcement of a 15% year-on-year increase in standalone net profit for Q3 FY25, reaching ₹11,792 crore.

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The second-largest private sector lender earned a net profit of ₹10,272 crore in the same quarter a year ago. Image | Shutterstock

The second-largest private sector lender earned a net profit of ₹10,272 crore in the same quarter a year ago. Image | Shutterstock

Shares of ICICI Bank rose more than 2% in early trade on Monday after the private sector lender reported a 15% rise in standalone net profit to ₹11,792 crore for the quarter ended in December, helped by growth in core income.

The scrip of the company climbed 2.09% to ₹1,234.50 apiece on the National Stock Exchange (NSE). On the BSE, it advanced 2.03% to ₹1,234 per piece.

The markets were trading in a negative zone. The 30-share BSE Sensex dropped 694.95 points or 0.91% to 75,495.51, while the broader NSE Nifty declined 227.55 points or 0.99 per cent to 22,864.65 in the morning trade.

On Saturday, ICICI Bank reported a 15% rise in standalone net profit to ₹11,792 crore for the quarter ended in December, helped by growth in core income.

The second-largest private sector lender earned a net profit of ₹10,272 crore in the same quarter a year ago.

Total income increased to ₹48,368 crore from ₹42,792 crore in the same period a year ago, ICICI Bank said in a regulatory filing.

Interest income increased to ₹41,300 crore during the quarter under review compared to ₹36,695 crore in the year-ago period, it added.

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