&format=webp&quality=medium)
ICICI Bank Q3 Earnings Preview: Mumbai-headquartered ICICI Bank is set to report its financial results on Saturday, January 25, Analysts expect the private sector bank to stage a decent financial performance for the October-December period, which is the third quarter of the current financial year. Let's delve deeper into what investors can expect from ICICI Bank's upcoming earnings report.
According to Zee Business research, ICICI Bank is estimated to register a net profit of Rs 11,446 crore for the quarter ended December 31, which translates to an 11.4 per cent rise over the corresponding period a year ago.
The analysts expect the bank's net interest income (NII)—or the difference between the interest earned and the interest paid—to increase 10.5 per cent to Rs 20,634 crore.
Zee Business analysts expect ICICI Bank's asset quality—gauged by the proportion of non-performing assets (NPAs) or bad loans in total loans—to remain stable.
They estimate ICICI Bank's gross non-performing assets at 2 per cent and net non-performing assets at 0.4 per cent of its total loans, both unchanged sequentially.
On Friday, ICICI Bank shares ended 0.6 per cent higher at Rs 1,209.5 apiece on BSE.
At this level, the stock has risen 20.2 per cent in the last one year, marking outperformance to the Nifty 50 and Nifty Bank indices, which have grown 8.2 per cent and 7.8 per cent respectively.
Catch all the latest stock market updates here. For all other news, visit Zeebiz.com.