NEW DELHI: ICICI Bank, reported on Friday a 55.8 per cent fall in second-quarter net benefit, which neglected analysts' estimates, as expenses climbed.
Net benefit got here in at Rs 909 crore ($123.84 million) in the three months ended September 30, in comparison with Rs 2,058 crore a year previous, the private-sector financial institution said.
Analysts on moderate had anticipated a net benefit of Rs 998 crore, in step with Refinitiv data.
Gross unhealthy loans as a share of total loans stood at 8.54 per cent at September-end, in comparison with 8.81 per cent in the earlier quarter and seven.87 per cent in the same length a year in the past.
Total source of revenue of the financial institution on a consolidated foundation rose to 31,914.82 crore as against Rs 30,190.54 crore a year in the past.
On a standalone foundation, total source of revenue of the ICICI Bank stood at Rs 18,262.12 crore during the September quarter, down from Rs 18,763.29 crore in the year-ago length.
The financial institution had reported a net loss of Rs 119.55 crore in the first quarter of the ongoing fiscal.
Its stocks closed at Rs 315.05 apiece at the BSE, down 1.45 per cent from their earlier shut.
Net benefit got here in at Rs 909 crore ($123.84 million) in the three months ended September 30, in comparison with Rs 2,058 crore a year previous, the private-sector financial institution said.
Analysts on moderate had anticipated a net benefit of Rs 998 crore, in step with Refinitiv data.
Gross unhealthy loans as a share of total loans stood at 8.54 per cent at September-end, in comparison with 8.81 per cent in the earlier quarter and seven.87 per cent in the same length a year in the past.
Total source of revenue of the financial institution on a consolidated foundation rose to 31,914.82 crore as against Rs 30,190.54 crore a year in the past.
On a standalone foundation, total source of revenue of the ICICI Bank stood at Rs 18,262.12 crore during the September quarter, down from Rs 18,763.29 crore in the year-ago length.
The financial institution had reported a net loss of Rs 119.55 crore in the first quarter of the ongoing fiscal.
Its stocks closed at Rs 315.05 apiece at the BSE, down 1.45 per cent from their earlier shut.
ICICI Bank Q2 profit halves, misses estimates
![ICICI Bank Q2 profit halves, misses estimates]()
Reviewed by Kailash
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October 26, 2018
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