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ICICI Bank tumbles on reporting 87% fall in Q4 consolidated net profit

29 Apr 2016 Evaluate

ICICI Bank is currently trading at Rs. 234.20, down by 5.95 points or 2.48% from its previous closing of Rs. 240.15 on the BSE.

The scrip opened at Rs. 240.10 and has touched a high and low of Rs. 244.00 and Rs. 231.40 respectively. So far 44,43,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.35 on 06-May-2015 and a 52 week low of Rs. 180.80 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 255.30 and Rs. 231.40 respectively. The current market cap of the company is Rs. 1,35,754.00 crore.

The Institutions and Non-Institutions held 65.43% and 9.36% respectively.

The bank has posted a fall of 75.98% in its net profit after tax at Rs 701.89 crore for the quarter ended March 31, 2016 as compared to Rs 2922.00 crore for the same quarter in the previous year. However, total income of the bank has increased by 14.51% at Rs 18590.86 crore for quarter under review as compared to Rs 16234.73 crore for the quarter ended March 31, 2015.

On consolidated basis, the bank has posted a fall of 86.82% in its net profit after tax at Rs 406.71 crore for the quarter ended March 31, 2016 as compared to Rs 3084.92 crore for the corresponding quarter in the FY15. However, total income of the bank increased by 13.26% at Rs 28216.78 crore for quarter under review as compared to Rs 24914.26 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the bank has posted a fall of 12.97% in its net profit after tax at Rs 9726.29 crore as compared to Rs 11175.35 crore for the same period in the previous year. However, total income of bank increased 11.09% at Rs 68062.48 crore for year under review as compared to Rs 61267.27 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the bank has posted fall of 16.88% in its net profit after tax at Rs 10179.96 crore as compared to Rs 12246.87 crore for the same period in the previous year. However, total income of bank has increased by 12.39% at Rs 101395.85 crore for year under review as compared to Rs 90216.23 crore for the period ended March 31, 2015.

Peers
Company Name CMP
HDFC Bank 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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