ICICI Bank logs 59% yoy growth in PAT at Rs7,019 crore for Q4FY22; stock jumps 1.5%

25 Apr 2022 , 10:04 AM

ICICI Bank’s standalone Core operating profit (profit before provisions and tax, excluding treasury income) jumped 19% yoy to Rs10,164 crore for the quarter ended March 31, 2022, as compared to Rs8,565 crore in Q4FY21. While its core operating profit jumped 22% yoy at Rs38,347 crore for FY22.

The company’s standalone net interest income logged growth of 21% yoy in Q4FY22 at Rs12,605 crore as against Rs10,431 crore in Q4FY21.

Standalone PAT jumped 59% yoy to Rs7,019 crore during Q4FY22. Its PAT for FY22 grew by 44% yoy at Rs23,339 crore.

The company witnessed a growth of 14% yoy in total standalone deposits at Rs10,64,572 crore for the current financial year under review.

Bank’s CASA ratio comes in at 45% for Q4FY22. Bank logged 17% yoy growth in the domestic loan portfolio for the financial year ended March 2022.

The net NPA ratio of the company was reported at 0.76% for the period ended March 31, 2022, as compared to 0.85% in December 2021.

The total Capital adequacy ratio was 19.16% and the Tier-1 capital adequacy ratio was 18.35% on a standalone basis at March 31, 2022.

The consolidated profit after tax grew by 58% yoy to Rs7,719 crore in Q4FY21 from Rs4,886 crore in Q4FY21. The consolidated profit after tax increased by 37% yoy to Rs25,110 crore in FY22 from Rs18,384 crore in FY21.

ICICI Bank is currently trading at Rs759 up by Rs11.65 or 1.56% from its previous closing of Rs747.35 on the BSE. The scrip opened at Rs748 and has touched intraday high and low of Rs761.50 and Rs745 respectively.