ICICI Bank Q1 preview: Net profit may nearly double YoY on lower provisions

ICICI Bank Q1 preview: Analysts, across-the-board, remain bullish on the lender's bottom line figure and expect the profit after tax (PAT) to grow anywhere between 59 per cent to 95.5 per cent YoY

ICICI Bank Q1 preview: After a disappointing June quarter (Q1FY22) show by HDFC Bank, all eyes would be on ICICI Bank to gauge if the former's numbers were one-off or if they were a hint at a broad-based trend. The latter is scheduled to announce its Q1 results on Saturday, July 24.

Analysts expect ICICI Bank to outperform peers by reporting a stable June quarter with up to 15 per cent growth in net profit on a quarterly basis along with flattish non-performing assets (NPA) numbers.

On the bourses, the scrip of the Mumbai-based lender surged around 9 per cent during the