ICICI Bank Q1 net profit falls 22% to Rs 2,516 crore
ICICI Bank on Friday reported over 22% fall in the consolidated net profit for the first quarter (Q1) ended on June 30, 2016.
The bank's net profit for the April-June quarter of the fiscal year 2016-17 (FY17) declined by 22.17% to Rs 2,515.85 crore as against Rs 3,232.37 crore in the same quarter of previous fiscal, ICICI Bank said in a filing to the BSE on Friday.
However, its total income from operations in Q1 FY17 surged by 9.03% to Rs 24,483.75 crore as compared to Rs 22,456.32 crore in Q1 FY16, it added.
The company's total assets during the quarter increased by 14.02% to Rs 939,608.59 crore as against Rs 824,050.59 crore in the same quarter of last fiscal.
The stock of ICICI Bank on Friday closed down 3.40% or Rs 9.25 at Rs 262.85 on the Bombay Stock Exchange (BSE).
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