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ICICI Bank Net Profit Rises 158%, IndiGo Reports 168% Rise in Consolidated Net Profit

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 31, 2020 6:13 AM 1 min read
Editorial

ICICI Bank Q3 net profit rises 158% in Q3 and IndiGo reports 168% rise in consolidated net profit.

 

Q3 EARNINGS

ICICI Bank Q3 net profit surges 158% to ₹4,146cr ($582m).

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

 

IndiGo reports 168% rise in consolidated net profit to ₹496cr ($69m) in Q3. 

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 

FIN.

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