ICICI Bank's Q4 net profit down 87%; stock falls
The bank posted a consolidated net profit of Rs 407 crore during the quarter under review as compared to Rs 3,085 crore in the corresponding period of fiscal 2014-15.
ICICI Bank has reported nearly 87% fall in its consolidated net profit in the fourth quarter (Q4) ended March 31, 2016.
The bank posted a consolidated net profit of Rs 407 crore during the quarter under review as compared to Rs 3,085 crore in the corresponding period of fiscal 2014-15.
However, the bank's total income during the period was up 13.26% to Rs 28,216.78 crore as compared to Rs 24,914.26 crore in the year-ago period.
At 12:28 hours, the shares of ICICI Bank were trading down 1.73% or Rs 4.15 at Rs 236.00 per scrip on the Bombay Stock Exchange (BSE).
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
12:58 PM IST