ICICI Bank shares end nearly 1 pc higher post-earnings announcement

     New Delhi, Apr 20 (PTI) Shares of ICICI Bank ended nearly 1 per cent higher on Monday after the firm reported a 9.28 per cent rise in consolidated net profit for the March quarter.
     The stock went up 0.63 per cent to settle at Rs 1,356 on the BSE. During the day, it edged higher by 2.13 per cent to Rs 1,376.25.
     At the NSE, it advanced 0.69 per cent to end at Rs 1,356.20. Intra-day, it climbed 2.19 per cent to Rs 1,376.40.
     ICICI Bank on Saturday reported a 9.28 per cent rise in consolidated net profit to Rs 14,755 crore for the March quarter, helped by a nearly 90 per cent drop in provisioning.
     On a standalone basis, the second-largest private-sector lender's net profit increased by 8.5 per cent to Rs 13,702 crore, compared with Rs 12,630 crore in the year-ago period.
     For the recently ended fiscal year 2025-26, its post-tax profit increased 6.2 per cent to Rs 50,147 crore from Rs 47,227 crore in FY25.
     In the reporting quarter, the bank posted an 8.4 per cent increase in core net interest income to Rs 22,979 crore, following a healthy 15 per cent growth in assets and a slight expansion in net interest margin to 4.32 per cent.

(This story has not been edited by THE WEEK and is auto-generated from PTI)