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ICICI Bank reports 3% rise in Q1 consolidated net profit

31 Jul 2014 Evaluate

ICICI Bank has reported results for first quarter ended June 30, 2014.

The bank’s net profit from ordinary activities after tax for the quarter surged 16.75% at Rs 2655.30 crore as compared to Rs 2274.21 crore for the quarter ended June 30, 2013. Its total income has increased by 13.26% to Rs 14616.71 crore for the quarter under review from Rs 12904.97 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Group has reported 3.08% rise in its net profit after taxes & Minority interest at Rs 2832.01 crore for the quarter as compared to Rs 2747.39 crore for the same quarter in the previous year. Total income has increased by 9.51% at Rs 20097.76 crore for quarter under review as compared to Rs 18351.85 crore for the quarter ended June 30, 2013.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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