ICICI Bank Shares Rise Following Strong Earnings Report
ICICI Bank shares end nearly 1 pc higher post-earnings announcement
News 18
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ICICI Bank shares increased by nearly 1% after the bank reported a 9.28% rise in consolidated net profit for the March quarter, amounting to ₹14,755 crore. The stock reached a high of ₹1,376.25 during the day, reflecting positive market sentiment.
- 01ICICI Bank's consolidated net profit rose by 9.28% to ₹14,755 crore for Q4 FY26.
- 02The bank's standalone net profit increased by 8.5% to ₹13,702 crore compared to the previous year.
- 03Core net interest income grew by 8.4% to ₹22,979 crore.
- 04The bank's post-tax profit for FY26 was ₹50,147 crore, a 6.2% increase from FY25.
- 05The stock price reached a peak of ₹1,376.25 during trading.
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Shares of ICICI Bank, one of India's largest private-sector banks, closed nearly 1% higher on April 20, following the announcement of its financial results for the March quarter. The bank reported a 9.28% increase in consolidated net profit, reaching ₹14,755 crore. This growth was significantly aided by a sharp decline in provisioning costs, which dropped by nearly 90%. On a standalone basis, ICICI Bank's net profit rose by 8.5% to ₹13,702 crore compared to ₹12,630 crore in the same quarter last year. For the fiscal year 2025-26, the bank's post-tax profit increased by 6.2%, totaling ₹50,147 crore. Additionally, the bank's core net interest income saw an 8.4% rise to ₹22,979 crore, supported by a 15% growth in assets and a slight increase in net interest margin to 4.32%. The positive earnings report contributed to a rise in the stock price, which peaked at ₹1,376.25 during the trading session.
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The rise in ICICI Bank's stock price following strong earnings may boost investor confidence and positively affect the bank's market valuation.
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