NEW DELHI: Shares of ICICI Bank on Monday gained nearly 1 per cent after the company reported 59 per cent jump in standalone net profit for the fourth quarter of 2021-22.
The stock went up by 0.73 per cent to settle at Rs 752.80 on the BSE. During the day, it jumped 1.98 per cent to Rs 762.20. At the NSE, it gained 0.97 per cent to settle at Rs 754.95.
In traded volume terms, 8.54 lakh shares were traded at BSE and over 3.54 crore shares at the NSE during the day.
The private sector lender on Saturday reported 59 per cent jump in standalone net profit to Rs 7,019 crore for the fourth quarter of 2021-22. The bank had earned a profit of Rs 4,403 crore in the corresponding January-March period a year ago.
Total income of the bank rose to Rs 27,412 crore in January-March from Rs 23,953 crore in the year-ago quarter, ICICI Bank said in a regulatory filing.
Net interest income (NII) increased 21 per cent to Rs 12,605 crore from Rs 10,431 crore in the same quarter a year ago, it said.
On a consolidated basis, ICICI Bank Group's net profit jumped 58 per cent to Rs 7,719 crore in March quarter from Rs 4,886 crore in the year-ago period.
The bank's asset quality improved as gross non-performing assets fell to 3.60 per cent of gross advances as of March 31, 2022, from 4.96 per cent in the corresponding period a year ago.
Net NPAs also declined to 0.76 per cent from 1.14 per cent at the end of the fourth quarter of the previous financial year.