ICICI Bank Ltd Q4FY21 consolidated PAT at Rs. 4886.16 crore

ICICI BANK LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.43621.29 crores during the period ended March 31, 2021 as compared to Rs.40454.45 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.4886.16 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.5498.15 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.6.93 for the period ended March 31, 2021 as compared to Rs.7.84 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 43621.29 crs	₹ 40454.45 crs	7.83%
Net Profit	₹ 4886.16 crs	₹ 5498.15 crs	-11.13%
EPS	₹ 6.93	₹ 7.84	-11.61%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.43621.29 crores during the period ended March 31, 2021 as compared to Rs.40121.48 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.4886.16 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.1251.32 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.6.93 for the period ended March 31, 2021 as compared to Rs.1.90 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 43621.29 crs	₹ 40121.48 crs	8.72%
Net Profit	₹ 4886.16 crs	₹ 1251.32 crs	290.48%
EPS	₹ 6.93	₹ 1.90	264.74%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.161336.48 crores during the 12 months period ended March 31, 2021 as compared to Rs.149786.10 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.18384.32 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.9566.31 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.26.83 for the 12 months period ended March 31, 2021 as compared to Rs.14.55 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 161336.48 crs	₹ 149786.10 crs	7.71%
Net Profit	₹ 18384.32 crs	₹ 9566.31 crs	92.18%
EPS	₹ 26.83	₹14.55	84.4%

Performance Review: Quarter ended March 31, 2021

- Core operating profit (profit before provisions and tax, excluding treasury income) grew by 20% year-on-year to ₹ 8,565 crore (US$ 1.2 billion) in the quarter ended March 31, 2021 (Q4-2021)

- The Bank made additional Covid-19 related provision of Rs. 1,000 crore (US$ 137 million) in Q4-2021 and held Covid-19 related provisions of Rs. 7,475 crore (US$ 1.0 billion) at March 31, 2021

- Profit after tax was Rs. 4,403 crore (US$ 602 million) in Q4-2021 compared to Rs. 1,221 crore (US$ 167 million) in the quarter ended March 31, 2020 (Q4-2020)

- Core operating profit grew by 17% year-on-year to ₹ 31,351 crore (US$ 4.3 billion) in the year ended March 31, 2021 (FY2021)

- Profit after tax grew by 104% year-on-year to Rs. 16,193 crore (US$ 2.2 billion) in FY2021 compared to Rs. 7,931 crore (US$ 1.1 billion) in the year ended March 31, 2020 (FY2020)

- Total deposits grew by 21% year-on-year to Rs. 932,522 crore (US$ 127.6 billion) at March 31, 2021

- 24% year-on-year growth in average current and savings account (CASA) deposits in Q4-2021; average CASA ratio was 42% in Q4-2021

- Term deposits grew by 18% year-on-year at March 31, 2021

- Domestic loans grew by 18% year-on-year at March 31, 2021

- Retail loans grew by 20% year-on-year

- Net non-performing asset (NPA) ratio declined to 1.14% at March 31, 2021 from 1.26% (on a proforma basis) at December 31, 2020 and 1.41% at March 31, 2020

- Provision coverage ratio was 77.7% at March 31, 2021

- Total capital adequacy ratio of 19.12 % and Tier-1 capital adequacy ratio of 18.06% on a standalone basis at March 31, 2021

Shares of ICICI BANK LTD. was last trading in BSE at Rs.570.05 as compared to the previous close of Rs. 579.15. The total number of shares traded during the day was 960827 in over 13416 trades.

The stock hit an intraday high of Rs. 580.4 and intraday low of 567.15. The net turnover during the day was Rs. 550500491.

Source : Equity Bulls

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