Shares of ICICI Bank on Monday gained over 6 per cent after the corporate reported a virtually four-fold leap in its March quarter consolidated revenue.
The inventory jumped 6.11 per cent to Rs 604.90 on BSE.
On NSE, shares of the corporate gained 6.23 per cent to Rs 605.50.
ICICI Bank on Saturday reported a virtually four-fold leap in its March quarter consolidated revenue to Rs 4,886 crore as towards Rs 1,251 crore within the 12 months in the past interval, and spoke of calibrating progress within the close to time period given the second wave of COVID-19 infections.
The second largest personal sector lender, which reported greater than three-fold leap in its standalone web at Rs 4,402 crore, stated that issues can be higher within the subsequent two months and exuded confidence of getting a robust balance-sheet to ship constant returns.
We will calibrate our progress within the close to time period primarily based on the working setting and situations ensuing from the second wave of the COVID-19 pandemic, its government director Sandeep Batra advised reporters on a convention name after the announcement of the outcomes.
Income, on a consolidated foundation, rose to Rs 43,621 crore in January-March 2021 from Rs 40,121 crore within the year-ago quarter.
The financial institution’s core web curiosity revenue elevated 17 per cent to Rs 10,431 crore on an 18 per cent progress in home advances and a marginal decline in web curiosity margin to three.84 per cent from the 12 months in the past’s 3.87 per cent.
