Home / BUSINESS / ICICI Bank zooms on reporting many fold jump in Q1 consolidated net profit

ICICI Bank zooms on reporting many fold jump in Q1 consolidated net profit

ICICI Bank is currently trading at Rs. 432.50, up by 17.25 points or 4.15% from its previous closing of Rs. 415.50 on the BSE.

The scrip opened at Rs. 432.50 and has touched a high and low of Rs. 434.70 and Rs. 425.50 respectively. So far 2684171 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 443.85 on 27-Jun-2019 and a 52 week low of Rs. 282.50 on 27-Jul-2018.

Last one week high and low of the scrip stood at Rs. 434.70 and Rs. 401.90 respectively. The current market cap of the company is Rs. 278772.97 crore.

The Institutions holding in the company stood at 88.57% and Non-Institutions held 11.03 %.

The Bank has reported a net profit of Rs 1,908.03 crore for the first quarter of FY20 as against net loss of Rs 119.55 crore for the same quarter in the previous year. However, total income of the Bank increased by 15.24% at Rs 21,405.50 crore for Q1FY20 as compared Rs 18,574.17 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported many- fold jump in net profit at Rs 2,513.69 crore for the quarter as compared to Rs 4.93 crore for the same quarter in the previous year. Total income of the Bank increased by 16.09% at Rs 33,868.89 crore for Q1FY20 as compared Rs 29,174.12 crore for the corresponding quarter previous year.

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