te ICICI Bank's Q4 net profit down 87%; stock falls | Zee Business

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's Q4 net profit down 87%; stock falls
Image Source: Reuters

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.

TRENDING NOW

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). 

 

Written By: Tejal Yerunkar
Updated: Fri, Apr 29, 2016
12:58 pm
Mumbai , ZeeBiz WebDesk
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