India's largest private sector bank ICICI Bank reported a rise of 15.18% in its standalone profit to Rs 27.09 billion for the quarter ended Sept. 30, 2014 from Rs 23.52 billion in the same period last year. Total income was at Rs 148.89 billion, an increase of 14.72% over Rs 129.79 billion for the same quarter, a year ago.
On consolidated basis, the bank has posted a growth of 13.64% in net profit to Rs 30.65 billion for the quarter ended Sept. 30, 2014. Quarterly income was at Rs 221.50 billion, an increase of 16.48% over Rs 190.16 billion for the same quarter, a year ago.
Net interest margin improved to 3.42% in Q2-2015 compared to 3.31% in Q2-2014. Total capital adequacy of 17.41% and Tier-1 capital adequacy of 12.75% at Sept. 30, 2014, including profits for the half year ended September 30, 2014.
Net interest income increased 15% to Rs 46.57 billion in Q2-2015 from Rs 40.44 billion in Q2-2014. Provisions were at Rs 8.50 billion in Q2-2015 compared to Rs 6.25 billion in Q2-2014 and Rs 7.26 billion in Q1-2015.
Shares of the bank declined Rs 10.7, or 0.67%, to trade at Rs 1,593.20. The total volume of shares traded was 154,126 at the BSE (1.13 p.m., Thursday).