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You are here : Moneycontrol » News » Results

ICICI Bank Q1 net profit down 6% at Rs 728 cr

Published on Sat, Jul 26, 2008 at 12:09 , Updated at Mon, Jul 28, 2008 at 08:58
Source : CNBC-TV18

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ICICI Bank has declared its results for the quarter ended June 2008 (Q1). The bank's net profit was down by 6% at Rs 728 crore versus Rs 775.1 crore.

The bank's Q1 NII was up by 25% at Rs  2083.8 crore versus Rs 1663.4 crore.

Capital Adequacy Ratio (CAR) was at 13.42% versus 11.03% on QoQ basis. Provisions were up by 43.5% at Rs 792.5 crore versus Rs 552.3 crore. Its fee income was up by 37% at Rs 1958 crore versus 1428 crore.

ICICI Bank says negative impact of  Rs 594 crore on trading, SLR, Treasury.

According to CNBC-TV18 estimates, its net profit was expected to go down by 4.41% to Rs 740.88 crore for the quarter ended June 2008 as against Rs 775.1 crore in same period of last year.

Net interest income was seen going up by 25.33% to Rs 2084.85 crore from Rs 1663.4 crore.

Particulars Jun-08 Mar-08 Dec-07 Sep-07
Interest Earned / Operating Income 7891.8 8029.27 7911.77 7516.47
Interest on Advance 5754.16 5826.2 5752.16 5573.39
Income on Investment 1888.22 2008.82 1959.91 1818.57
Interest on Balances 128.95 116.58 210.95 132.4
Others Interests 120.47 77.67 -11.25 -7.89
Other Income 1538.18 2361.65 2426.59 2071.94
Total Income 9429.98 10390.92 10338.36 9588.41
Interest Expended -5802.05 -5949.81 -5952.08 -5730.47
Operating Expenses -1913.91 -2150.45 -2127.61 -1970.8
Payment/Provisions for Employees -523.22 -466.64 -570.51 -519.91
Other Operating Expenses -1390.69 -1683.81 -1557.1 -1450.89
Total Expenditure for Banks -7715.96 -8100.26 -8079.69 -7701.27
Profit before Tax 1714.02 2290.66 2258.67 1887.14
Tax -193.52 -193.33 -268.12 -240.05
Provisions and Contingencies -792.49 -947.49 -760.34 -644.49
Net Profit 728.01 1149.84 1230.21 1002.6
Equity Capital 1113.12 1112.68 1112.27 1110.66

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in ICICI Bank - DUstocks at 08-Oct-08 07:07

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in ICICI Bank - rajen_bullish at 07-Oct-08 09:18

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