ICICI Bank's standalone net profit for the quarter ended March 31 2023 was Rs 9,121.87 crore, up 30% year over year (YoY) from the same three months of the previous financial year, when it was Rs 7,018.71 crore. The company's reported PAT exceeded Street's projections. According to the average estimate from seven brokerages, the net profit was expected to increase 28% YoY to close to Rs 9,000 crore. For the reporting quarter, Net Interest Income was anticipated to be Rs 17,500 crore, up 39% YoY. Gross NPAs were anticipated by an ET Now poll to be 3%, down from the 3.07% reported in Q3FY23.
On the NSE, ICICI Bank shares closed at Rs 887.60 on Friday, down Rs 6.80 or 0.76% from the closing price on Thursday.
© Copyright 2023. All Rights Reserved Powered by Vygr Media
