ICICI Financial institution Q3 Consequence: Revenue elevated by 16% in December quarter, NPA declined. – INA NEWS

ICICI Financial institution December Quarter Outcomes: Non-public sector ICICI Financial institution’s internet revenue on consolidated foundation for the October-December 2024 quarter elevated by 16.5 p.c year-on-year to Rs 12883.37 crore. The financial institution’s revenue in the identical quarter a 12 months in the past was Rs 11052.60 crore. Revenue on consolidated foundation elevated by 25.4 p.c to Rs 74626.56 crore as in comparison with a 12 months in the past. It was Rs 59,479.76 crore within the December 2023 quarter.

The financial institution has knowledgeable the inventory exchanges that it earned curiosity of Rs 47,037.12 crore on a consolidated foundation within the December 2024 quarter. A 12 months in the past this determine was Rs 40,865.23 crore.

ICICI Financial institution’s revenue on standalone foundation elevated by practically 15 p.c to Rs 11,792.42 crore within the December quarter. A 12 months in the past it was Rs 10,271.54 crore. Revenue stood at Rs 48,367.87 crore, which was Rs 42,791.64 crore within the December 2023 quarter.

How a lot NPA lowered?

ICICI Financial institution’s gross NPA ratio within the December 2024 quarter stood at 1.96 p.c, which was 2.30 p.c a 12 months in the past. Web NPA ratio was recorded at 0.42 p.c, which was 0.44 p.c in December 2023 quarter. Within the July-September 2024 quarter, the gross NPA ratio was 1.97 p.c and the online NPA ratio was 0.42 p.c.

Sure Financial institution Q3 Consequence: Great bounce of 164% in revenue in December quarter, NPA lowered

Deposits and Advances

On a consolidated foundation, deposits within the financial institution elevated to Rs 1,551,165.62 crore within the December 2024 quarter, from Rs 1,366,842.09 crore a 12 months in the past. Advances elevated to Rs 1,397,265.27 crore from Rs 1,229,198.02 crore within the December 2024 quarter.

ICICI Financial institution shares strengthened by 21 p.c in a single 12 months

ICICI Financial institution shares closed at Rs 1209.45 on BSE on Friday, January 24. The market cap of the financial institution is Rs 8.53 lakh crore. The inventory has gained 21 p.c within the final one 12 months, whereas it has misplaced 6 p.c to date within the month of January. The face worth of the share is Rs 2. The inventory had created a 52-week excessive of Rs 1,361.35 on September 20, 2024 on BSE. 52 week low of Rs 985.15 seen on 12 February 2024.