ICICI Bank Q2 consolidated net profit falls 42% to Rs 1,205 cr, total income marginally up by 5.7% to Rs 31,915 cr

On a standalone basis, ICICI Bank's net profit fell by 56 percent to Rs 908.88 crore in the said quarter as against Rs 2,058.19 crore in July-September 2017.

Press Trust of India October 26, 2018 17:30:56 IST
ICICI Bank Q2 consolidated net profit falls 42% to Rs 1,205 cr, total income marginally up by 5.7% to Rs 31,915 cr

New Delhi: ICICI Bank on Friday reported a 42 percent drop in its consolidated net profit to Rs 1,204.62 crore in the quarter ended September 2018.

The country's largest private sector lender had posted a consolidated net profit of Rs 2,071.38 crore in the corresponding quarter a year ago, the bank said in a regulatory filing.

ICICI Bank Q2 consolidated net profit falls 42 to Rs 1205 cr total income marginally up by 57 to Rs 31915 cr

Representational image. Reuters.

However, total income of the bank on a consolidated basis rose to 31,914.82 crore as against Rs 30,190.54 crore a year ago.

On a standalone basis, its net profit fell by 56 percent to Rs 908.88 crore in the said quarter as against Rs 2,058.19 crore in July-September 2017.

The bank had reported a net loss of Rs 119.55 crore in the first quarter of the ongoing fiscal.

Total income of the ICICI Bank on a standalone basis stood at Rs 18,262.12 crore during the September quarter, down from Rs 18,763.29 crore in the year-ago period.

Its shares closed at Rs 315.05 apiece on the BSE, down 1.45 percent from their previous close.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.