ICICI Bank Q3 net profit rises 158% in Q3 and IndiGo reports 168% rise in consolidated net profit.
Results Out!: ICICI Bank has reported a 158% YoY jump in net profit on the back of one-time gain from Essar Steel resolution, which led to lower provisions.
The private lender's standalone net profit for Q3 stood at ?4,146cr ($582m) vs ?1,605cr ($225m) last year.
Overall asset quality saw an improvement as gross non-performing assets as a percentage of total assets stood at 5.95% at the end of Q3 vs 7.75% during the same period last year.
Net interest income (NII) for the quarter witnessed a 24% YoY increase to ?8,545cr ($1201m). ET Markets
By Leaps and Bounds: Private carrier IndiGo has reported 168% rise in consolidated net profit to ?496cr ($69m) in Q3.
Revenue for the quarter rose 25.5% to ?9,931.70cr ($1,396m) on 19.3% increase in capacity. Hindu BusinessLine
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