The company posted a net profit of Rs 242.46 crore for the quarter against Rs 216.56 crore in the year-ago quarter
The company had posted a net profit of Rs 312.28 crore during the October-December quarter of the previous fiscal
Analysts have upped their one-year target price for ICICI Bank due to its consistent delivery over the last few years, which, they say, reflects an 'impressive turnaround'
Revenue from operations during the quarter under review was up 6% to Rs 4,661 crore
Net Interest Income rose 17% YoY basis to Rs 8,653 crore in Q3FY22. Sequentially, it was up 10%
Total expenses were at Rs 298.23 crore, up 45.56% from Rs 204.89 crore in the year-ago period
Indian Energy Exchange posted nearly 39 per cent rise in consolidated net profit to Rs 80.73 crore in the December quarter mainly on the back of higher revenues.
SBI Cards and Payment Services on Monday reported 84 per cent jump in net profit at Rs 386 crore for December quarter 2021-22 on the back of healthy card spends, fall in bad loans and higher income
The bank's net interest income grew 17% YoY to Rs 8,653 cr; asset quality improves
The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
EBITDA margin expanded by 220 bps YoY to 22.8 per cent in Q3FY22 driven by economies of scale, effective cost management marginally settled off by higher freight cost.
While government relief (option of conversion of dues into equity) ensures the survival, the company needs to raise capital as early as possible to stay competitive, ICICI Securities said.
Asset quality has been in-line or better-than-expected in recent quarters, which analysts expect to continue
Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.
Live news updates: India reported 333,533 new cases of Covid-19 in the last 24 hours-a marginal decline since Saturday.
The group had reported a profit after tax of Rs 174.85 crore in the year-round period
Retail business quarterly revenue crosses Rs 50,000 cr
The company has already raised long-term funds, protecting the balance sheet from rising finance costs
Net Interest Income for the quarter grew by 2.6% to Rs 2,124.7 cr
Strong revenue stream led by automotive, solar, appliance segments push up bottom line