ICICI Bank Latest Q4 Earnings: Net profit increases 30% to 9,121.8 cr

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ICICI Bank said today that its net profit for the three months ended March 31 2023 was Rs 9,121.87 crore, up 30% year over year (YoY) over the same period the previous financial year, when it was Rs 7018.71 crore.

ICICI Bank Q4 Earninigs
ICICI Bank Q4 Earnings

The final dividend of Rs.8 has been announced  by  ICICI Bank

In a regulatory filing, private lender ICICI also declared an equity dividend of 8 per share.

“In accordance with applicable regulations, the Board has recommended a dividend of Rs. 8 per share, or $0.10 per ADS. The necessary clearances must be obtained before the dividend can be declared. In due time, the record/book closure dates will be made public, the lender stated in its results statement.

What are ICICI Bank’s Q4 FY23 results?

The difference between interest earned and interest paid, or ICICI Bank’s net interest income (NII), increased by 24% to 17,666.8 crore from 12.604.6 crore year-over-year (YoY).

30% more money is made by ICICI Bank, or $9121.87 million.

Private lender ICICI said on Saturday that its fourth-quarter net profit increased by 29.96% to 9121.87 crore from the third quarter’s net profit of 7018.71 crore.

ICICI results Q4 2023 pdf download


What is the net profit of ICICI in Q4 2023?

Ans. For the quarter ending March 31, 2023, private lender ICICI on Saturday announced a 30% increase in standalone net profit at Rs 9,122 crore. In the same period last year, it reported a standalone net profit of Rs 7,029 crore. The BSE share price of ICICI ended Friday’s trading session

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