Money & Banking

ICICI Bank net up 17% at Rs 1,568 cr; board recommends 14% dividend

| | Updated on: Apr 28, 2011
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ICICI Bank has reported a 16.85 per cent rise in consolidated net profit at Rs 1,567.93 crore for the fourth quarter ended March 31, 2011.

The net profit stood at Rs 1,341.8 crore in the corresponding period of the previous fiscal, ICICI Bank said in a filing to the Bombay Stock Exchange today.

During the quarter under review, the total income rose to Rs 18,178.99 crore from Rs 16,212.02 crore in the corresponding period a year ago, the filing said.

For the entire fiscal, the consolidated net profit increased by 30.46 per cent to Rs 6,093.27 crore from Rs 4,670.29 crore in 2009-10.

The board of directors has recommended a dividend of Rs 14 per share for the year ended March 31, 2011 against Rs 12 in the previous fiscal, it said.

On a standalone basis, the bank has clocked a 28 per cent growth in PAT for FY 11 at Rs 5,151 crore against Rs 4,025 crore in the year-ago period.

During the January-March quarter, the profit-after-tax shot up by 44 per cent to Rs 1,452 crore from Rs 1,006 crore in the corresponding period previous fiscal.

Meanwhile, the scrip was trading up by 0.29 per cent at Rs 1,110.55 on the BSE.

Published on May 01, 2011

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