ICICI Bank fell 4.36% to Rs 222.80 at 9:16 IST on BSE after net profit rose 4.46% to Rs 3018.13 crore on 13.11% rise in total income to Rs 17562.95 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 28 January 2016.Meanwhile, the BSE Sensex was up 137.64 points, or 0.56%, to 24,607.21.
On BSE, so far 1.22 lakh shares were traded in the counter, compared with an average volume of 10.35 lakh shares in the past one quarter. The stock hit a high of Rs 222.75 so far during the day. The stock hit a low of Rs 216 so far during the day, which is also a 52-week low for the counter. The stock hit a record high of Rs 393.30 on 28 January 2015. The stock had underperformed the market over the past one month till 28 January 2016, sliding 11.81% compared with 6.01% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 14.20% as against Sensex's 9.51% fall.
The large-cap private sector bank has an equity capital of Rs 1162.46 crore. Face value per share is Rs 2.
ICICI Bank's gross non-performing assets (NPA) edged higher to Rs 21149.19 crore as on 31 December 2015 from Rs 15857.82 crore as on 30 September 2015 and Rs 13082.62 crore as on 31 December 2014. The bank's ratio of gross NPAs to gross advances stood at 4.72% as on 31 December 2015, compared with 3.77% as on 30 September 2015 and 3.4% as on 31 December 2014. The bank's ratio of net non-performing assets (NPAs) to net advances stood at 2.28% as on 31 December 2015, compared with 1.65% as on 30 September 2015 and 1.27% as on 31 December 2014. Provisions and contingencies rose 190.3% to Rs 2844.05 crore in Q3 December 2015 over Q3 December 2014. The provisioning coverage ratio as on 31 December 2015 stood at 53.2%.
ICICI Bank is one of the leading private sector banks in India.
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