ICICI Bank - Q1 FY2013 Result Flash - Ventura

Key Takeaways

- ICICI Bank reported PAT of Rs.1815 crore in Q1FY13 v/s market expectation of Rs.1730 crore.

- Net Interest Income was Rs.3193 crore in Q1FY13 v/s market expectation of Rs.3061 crore.

- NIMs have improved YoY from 2.6% n Q1 FY12 to 3.01% in Q1 FY13.

- Advances have grown by 22% YoY to Rs.2,68,429.9 crore in Q1FY13

- Deposits grew by 16% YoY to Rs.2,67,794.2 crore in Q1FY13.

- Asset quality has improved YoY but has stayed flat sequentially. GNPA stood at 3.5% in Q1FY13 v/s 4.4% in Q1FY12 and 3.6% in Q4FY12. Net NPA was 0.7% in Q1 FY13 v/s 1% in Q1 FY12.

Outlook: Results better than market expectations.

Source : Equity Bulls

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