ICICI Bank - Q4FY13 Results First Cut - Microsec

ICICI Bank Ltd announced its Q4FY13 result on 26th April 2013.

The bank's total income increased by 14.03% QoQ and 3.92% YoY to INR13185.17 crores, driven by QoQ growth in its Net Interest Income (NII) and Other Income (OI) by 7.86% and 17.55% respectively. Whereas, Profit After Tax (PAT) declined by 5.77% QoQ while grew by 37.65% YoY to INR2492.05 crores. Bank has increased its provision by 19.53% QoQ and 49.75% YoY to INR547.52 crores.

During the quarter, bank's loan book and total deposits expanded by 12.96% and 11.64% YoY to INR329974.13 and INR314770.53 crores respectively. On the asset quality front, bank has improved its asset quality. GNPA improved by 9bps QoQ and 40bps YoY to 3.22% while, NNPA marginally increased by 1bps QoQ and 4bps YoY to 0.77%. Moreover, bank's low cost deposit base (CASA) has been increased by 100bps QoQ to 41.90% which helped it to improve its Net Interest Margin (NIM) by 4bps QoQ and 10bps YoY to 3.11%. Bank is well capitalized to support its growth trajectory. Capital Adequacy Ratio (CAR) stood at 18.74% which is more than double the regulator's stipulated norm. Provision Coverage Ratio (PCR) stood at 76.80% which positioned bank to tame any time liabilities.

In FY13, bank's topline increased by 10.26% YoY to INR45918 crores whereas, bottom line increased by 25.65% YoY to INR9603 crores despite higher provisioning.

For the year ended March 31, 2013, the Board of Directors have recommended a dividend of INR20 per equity share of INR10 each (i.e. 200%).

Source : Equity Bulls

Keywords