ICICI Bank - Q4FY12 result first cut - Microsec Research

ICICI Bank Ltd has announced its Q4FY12 along with Annual FY2012 result on 27th April 2012.

On the quarterly basis, the bank's total income increased by 25.85% QoQ and decreased by 2.23% YoY to INR12686.98 crores. Profit After Tax (PAT) decreased by 24.42% QoQ and increased by 10.55% YoY to INR1744.17 crores. For the whole year of FY12, the total income of the bank decreased by 1.44% YoY to INR41645.03 crores. Profit After Tax (PAT) increased by 25.63% to INR7937.64 crores mainly, because of decline in Provision and Contingencies by 45.06% to INR1406.34 crores. On the assets quality front, the bank has improved its assets quality, NNPA and GNPA decreased by 38 and 85bps YoY to 0.73% and 3.62% respectively.

Moreover, Net Interest Margin (NIM) of the bank for Q4FY12 stood at 3.01%, improved by 31bps QoQ and 27bps YoY. However, the bank is in well position to tame any time liabilities with 80.40% of its Provision Coverage Ratio (PCR). Capital Adequacy Ratio (CAR) of the bank stood at 18.52%, which is almost double than the regulator stipulated norm.

The Board of Directors recommended a dividend of Rs.16.50 per equity share for the year ended March 31, 2012 (Previous year dividend of Rs.14 per equity share).

Source : Equity Bulls

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