ICICI Bank shares climb nearly 3 pc as Q1 net profit jumps
New Delhi, Jul 21 (PTI) Shares of ICICI Bank on Monday ended nearly 3 per cent higher after the firm posted a 15.9 per cent jump in its consolidated net profit for the June quarter.
The company's stock rallied 2.76 per cent to settle at Rs 1,465.85 on the BSE. During the day, it advanced 2.88 per cent to Rs 1,467.60.
At the NSE, it climbed 2.71 per cent to Rs 1,464.50 apiece.
The company's market valuation surged Rs 30,147.5 crore to Rs 10,46,090.50 crore.
Buying in the stock also helped the equity markets end higher.
The 30-share BSE Sensex jumped 442.61 points or 0.54 per cent to settle at 82,200.34, and the NSE Nifty climbed 122.30 points or 0.49 per cent to 25,090.70.
ICICI Bank on Saturday posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period.
On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the quarter, up 15.5 per cent from Rs 11,059 crore a year ago.
Its core net interest income increased 10.6 per cent to Rs 21,635 crore on the back of a 12 per cent domestic loan growth, but was restricted by a narrowing of the net interest margin to 4.34 per cent, from 4.41 per cent in the quarter-ago period.
The gross non-performing assets ratio improved to 1.67 per cent as of June 30, from 2.15 per cent in the year-ago period.
'Weekend Q1 results were good with ICICI Bank reporting the best numbers, particularly in PAT and credit growth," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. PTI SUM SUM DR DR
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July 21, 2025, 17:00 IST
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