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ICICI Bank reports 22% fall in Q1 consolidated net profit

01 Aug 2016 Evaluate

ICICI Bank has reported results for first quarter ended June 30, 2016.

The bank has reported 24.99% fall in its net profit at Rs 2232.35 crore for the quarter ended June 30, 2016 as compared to Rs 2976.16 crore for the same quarter in the previous year. However, total income of the bank increased by 6.06 % to Rs 16759.51 crore for the quarter under review from Rs 15802.45 crore for the corresponding quarter of the previous year.

On the consolidated basis, the bank has reported 22.17% fall in its net profit at Rs 2515.85  crore for the quarter ended June 30, 2016 as compared to Rs 3232.37 crore for the same quarter in the previous year. However, total Income of the bank increased by 9.03% to Rs 24483.75 crore for quarter under review from Rs 22456.32 crore for the quarter ended June 30, 2015.

Peers
Company Name CMP
HDFC Bank 702.55
ICICI Bank 1348.00
Axis Bank 1246.20
Kotak Mahindra Bank 439.45
Indusind Bank 872.80
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