Rise in internet curiosity earnings and steady asset high quality helped ICICI Financial institution Ltd. to report practically 15% year-on-year rise in revenue after tax at Rs 11,792 crore, exceeding analysts’ expectations of Rs 11,495 crore, polled by Bloomberg.
Provisions and contingencies for the quarter rose 17% on 12 months to Rs 1,227 crore.
Internet curiosity earnings rose 9% on 12 months to Rs 20,371 crore. In the meantime, internet curiosity margin fell to 4.25% within the December quarter as towards 4.27% 1 / 4 in the past.
Asset high quality remained steady through the quarter ended December.
Gross non-performing property ratio of the financial institution fell to 1.96%% on the finish of December as towards 1.97% 1 / 4 in the past. Internet NPA remained flat at 0.42% sequentially.
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