Board Of Directors of ICICI Bank Ltd, India’s 2nd largest private bank, today declared a surge of 15% year-on-year (YoY) in its net profit to Rs 11,792 crore for Q3 FY25 as compared to Rs 10,272 crore in the similar quarter of last year. Last trading price of ICICI Bank shares on Bombay Stock Exchange (BSE) stood at Rs 1209.45 per share as on January 24, 2025.
The private sector bank has a market capitalisation of Rs 8,53,945.19 crore. Its return on equity (ROE) stood at 17.46%. ICICI Bank shares zoomed 21.04% in last 1-year and slipped a little over 1% in last 6-months. Check details below:
ICICI Bank Q3 Results
It announced its net interest income (NII) at Rs 20,370.6 crore for Q3 FY25, up 9.1% as compared to Rs 18,678 crore in the corresponding quarter of last year. The net interest margin of the private lender slipped to 4.25% for the quarter under review from 4.43% in the similar quarter of last year and from 4.27% in the earlier quarter. Meanwhile, the banks provisions and contingencies surged approximately 17% to 12.27 billion rupees from 10.49 billion rupee an year ago.
Provisions and contingencies are allocated for potential bad loans. Its asset quality remained more or less stable as the gross non-performing ratio (NPA) arrived at 1.96% for the quarter ended December 31, 2024 as against 1.97% reported three-months earlier.
ICICI Bank Shares Performance
The 52-week high price of ICICI Bank shares on BSE is Rs 1361.35 per share (as on 20/09/2024) and 52-week low price is Rs 985.15 per share (as on 12/02/2024), respectively. ICICI Bank shares rallied 126.51% in last 5-years, gained 51.52% in last 3-years, and surged 38.89% in last 2-years.
ICICI Bank Stock Split History
The private sector bank sub-divided face value of its shares once since December 4, 2014. It last split the face value of its shares from Rs 10 to Rs 2 in 2014. ICICI Bank shares traded ex-split on December 4, 2014.
ICICI Bank Bonus Share History
ICICI Bank recommended bonus shares once since June 20, 2017. Its last bonus issue was announced in the ratio 1:10 with ex-date fixed as June 20, 2017, as per Trendlyne report.
Should You Buy ICICI Shares After Q3 Results
According to A R Ramachandran, SEBI registered Independent research analyst, “ICICI Bank stock price is slightly bullish on the Daily charts with strong support at 1202. A Daily close above resistance of 1239 could lead to a target of 1300 in the near term.”
Meanwhile, Axis Securities also suggested buy call to ICICI Bank shares with target price of Rs 1500 per share.
About ICICI Bank
ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. Until the late 1980s, ICICI primarily focused its activities on project finance, providing long-term funds to a variety of industrial projects, according to its official website.
Disclaimer
The stock has been picked from the brokerage report of Axis Securities and AR Ramchandran. Moneydaily.in, the Author, and the respective Brokerage House will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
Recommended: NTPC: PSU Reports 1.8% Drop In Profit, Rs 2.5/Sh Dividend; Buy?
Leave a Reply