Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

5 Takeaways from ICICI Bank's Q4 Results

Apr 25, 2022

5 Takeaways from ICICI Banks Q4 Results

India's second largest private lender ICICI Bank on Saturday reported its fourth quarter (Q4FY22) results.

Here are the key takeaways from its earnings shared in the press release...


  1. The private lender reported a 59% jump in net profit in January-March quarter of fiscal 2022, aided by robust increase in net interest income (NII) and lower provisions.

    Net profit totaled to Rs 70.2 bn in the quarter under review compared to Rs 44 bn in the year ago period.
  2. The company's NII grew by 21% in the same period to Rs 126.1 bn versus Rs 104.3 bn in the year ago period. Net interest margins expanded by 16 basis points YoY and 4 bps sequentially to 4%.
  3. ICICI Bank's provisions dropped 63% to Rs 10.7 bn in the same period. The bank has made contingency provision of Rs 10.3 bn in the quarter, thereby taking the Covid-19 related contingency provision to Rs 74.5 bn as of 31 March 2022.
  4. On the asset quality front, the lender's gross non-performing asset (NPA) ratio fell by 53 bps sequentially to 3.6%. Net NPA ratio declined by 9 bps to 0.76%.
  5. ICICI Bank's board has recommended a dividend of Rs 5 per share and the record/book closure dates will be announced in due course, according to the exchange filing.

Ahead of its results, shares of ICICI Bank ended nearly 2% lower on Friday, 22 April.

Interesting to note that shares of ICICI Bank have been on an uptrend since the past few weeks ahead of its earnings.

The stock has outperformed HDFC Bank and the broader Bank Nifty index in terms of stock performance this year as HDFC Bank drags the index lower.

chart

Ever since the RBI barred HDFC Bank from new digital launches (the bank is now lifted) and as it faced credit card hurdles, ICICI Bank has emerged as the new street favourite it appears.

HDFC Bank has been under pressure since the merger news and even before that when FIIs were on a selling spree.

Over the year gone by, shares of ICICI Bank have gained 31%.

To know more about the company, check out ICICI Bank's financial factsheet and its latest quarterly results.

You can also compare the bank with its peers.

ICICI Bank vs HDFC Bank

ICICI Bank vs Axis Bank

ICICI Bank vs Kotak Mahindra Bank

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such.

Yash Vora

Yash Vora is a financial writer with the Microcap Millionaires team at Equitymaster. He has followed the stock markets right from his early college days. So, Yash has a keen eye for the big market movers. His clear and crisp writeups offer sharp insights on market moving stocks, fund flows, economic data and IPOs. When not looking at stocks, Yash loves a game of table tennis or chess.

Equitymaster requests your view! Post a comment on "5 Takeaways from ICICI Bank's Q4 Results". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.