ICICI Bank Q4 net up 39 pc, beats forecast
0 views
Skip to first unread message
N.Sukumar
Apr 28, 2008, 12:54:30 AM4/28/08
to Kences1
Mumbai, April 26: ICICI Bank, India's second-largest bank, on Saturday
reported an above-forecast 39 per cent rise in quarterly net profit,
helped by a strong demand for loans.
The country's leading private-sector bank, which is also listed in New
York said net profit in January-March, its fiscal fourth quarter, was
Rs 11.5 billion, up from Rs 8.25 billion a year ago.
A Reuters poll of analysts had forecast a 10 per cent rise in net
profit to Rs 9.07 billion.
The bank said its total income in the March quarter rose to Rs 103.91
billion from Rs 84.95 billion a year ago.
Shares in ICICI Bank, which had fallen 38 per cent in the March
quarter, rose 4.5 per cent on Friday to Rs 916.15 on expectations of
the results topping forecasts.
N.Sukumar
Research Analyst
reported an above-forecast 39 per cent rise in quarterly net profit,
helped by a strong demand for loans.
The country's leading private-sector bank, which is also listed in New
York said net profit in January-March, its fiscal fourth quarter, was
Rs 11.5 billion, up from Rs 8.25 billion a year ago.
A Reuters poll of analysts had forecast a 10 per cent rise in net
profit to Rs 9.07 billion.
The bank said its total income in the March quarter rose to Rs 103.91
billion from Rs 84.95 billion a year ago.
Shares in ICICI Bank, which had fallen 38 per cent in the March
quarter, rose 4.5 per cent on Friday to Rs 916.15 on expectations of
the results topping forecasts.
N.Sukumar
Research Analyst
Reply all
Reply to author
Forward
0 new messages