ICICI Bank Q3 results 2024 have high quarterly expectations. We will share details about ICICI Bank Q3 2024 updates below. The company has given an appreciable performance from last few quarters. It focuses on the core aspects of its growth. The bank made a 35.8% rise in net profits in the previous quarter. Apart from that, its ICICI Bank Q3 results 2024 also had a 35% growth in PAT. ICICI is working on reducing its bad loans ratio. It can reduce it successfully for that quarter.
ICICI Bank Q3 Results 2024 Revenue, Net Profit, CASA, Sales Report
ICICI Bank Q3 results 2024 are expected to be released by 30 January 2024. The final date is yet to be released by ICICI Bank. The quarter expects high profits and returns. Compared to the previous quarter, the company can expect a slight rise in expenses and revenues. ICICI Bank has been one of the oldest banks, founded in 1994. Let us have a look at its previous quarter analysis as well.
ICICI Bank Q3 results 2023 had an increase in the PAT by 34.2% YoY. Apart from that, the bad loans also had an improvement. The bank made PAT (Profit After Tax) of Rs. 8,312 Crore. It records a net interest margin increase of 4.65%. It’s higher than its previous year. There was a fall in the NPA of the company. It decreases to 0.55%. Net Interest Income is a crucial part of any bank’s income. It had an increase in its NII by 34.6%. Q3 focused on increasing the deposits from the customers. Q2 2024 also made a commanding growth compared to Q3 2023. Let us discuss it below.
ICICI Bank Q2 2024 made a net profit rise to 35.8% on a YoY basis. It amounts to Rs. 10,261 crore. The bank worked on improving its deposits and interest income for a long time. It has managed to increase its assets with an NII increase of 23.8%.
ICICI Bank shares show an increase of 6.79% in value in December, with a yearly rise of 10.63%. It is not a bad percentage for a private bank. Banks like HDFC have made only 4.91% growth this year. The shares are expected to reach Rs. 1100 in a month. It has an all-time high of Rs. 1043.70 till now. The all-time lowest is Rs. 796 in the last 52 weeks. ICICI bank has a market cap of 6.99 Lakhs crores. We hope you get enough details about ICICI Bank Q3 results 2024 updates.