• ICICI bank reported a 4Q Net Income of 107.08 billion rupees, surpassing the estimates of 102.31 billion rupees.
• The bank set aside provisions amounting to 7.18 billion rupees.
• The Net Interest Margin was reported at 4.4%, slightly above the estimated 4.36%.
• Net Interest Income was a little lower than expected at 190.93 billion rupees, compared to the estimate of 191.02 billion rupees.
• Loans amounted to 11.84 trillion rupees, falling short of the estimate of 12.22 trillion rupees.
• Total deposits however, exceeded estimates, totaling at 14.13 trillion rupees against the forecasted 14.07 trillion rupees.
• Gross NPA additions for the period were 51.39 billion rupees.
• The coverage ratio for non-performing loans stood at 80.3%.
• Overall, the bank retained positive reviews with 48 buys, 3 holds and no sells recorded.
A look at ICICI Bank Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ICICI Bank Ltd, a prominent bank, shows a promising long-term outlook based on a comprehensive analysis utilizing the Smartkarma Smart Scores. With a strong Dividend score of 4, the company is rated highly for its ability to provide returns to shareholders over time. Additionally, a Growth score of 4 indicates solid potential for expansion and profitability in the future. The Momentum score of 4 reflects a positive trend in stock performance. Although Value and Resilience scores stand at 3, suggesting room for improvement, the overall outlook for ICICI Bank Ltd appears optimistic.
Operating globally, ICICI Bank Ltd offers a range of financial products and services, including savings accounts, loans, credit cards, and insurance. Its focus on growth, dividends, and momentum positions the company well for long-term success. While there are areas for enhancement in terms of value and resilience, the overall sentiment towards ICICI Bank Ltd remains favorable, supported by its strong performance across multiple key factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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