ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 526529.75 Crore).
ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.
Investment Rationale
ICICI Bank’s consistent all-round performance (strong balance sheet growth, disciplined exercise of pricing power, and stable asset quality driving superior profitability) is likely to drive a further rerating in the stock. The brokerage reiterates ICICI Bank as top pick with revised TP of INR885 (core bank at 2.7x Sep’23 ABVPS).
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 39484.49 Crore, up 1.63 % from last quarter Total Income of Rs 38852.60 Crore and up .41 % from last year same quarter Total Income of Rs 39321.42 Crore. The bank reported net profit after tax of Rs 7049.36 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 47.31 per cent, DIIs 42.48 per cent.
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