Ideas For Profit | ICICI Bank
Автор: moneycontrol
Загружено: 2021-07-26
Просмотров: 1687
Описание:
Q1 FY22 earnings reaffirm that ICICI bank has transitioned well from a stressed bank to a growing lender. However, the valuation is not yet fully capturing the significant improvement in business fundamentals and growth story.
Q1FY22 Highlights:
· Net profit surged to Rs 4,616 crore, a growth of 78% YoY
· NIMs improved on domestic book to 3.9%
· Wrote back Rs 1,050 crore of Covid-19 related provisions created in earlier periods
· High provision coverage ratio of 78% as of end June is comforting
· Stock is trading at around 1.9 times FY23 estimated core book
https://www.moneycontrol.com/news/bus...
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