ICICI Bank on Friday posted 55.84 per cent year-on-year fall in standalone profit at Rs 908.88 crore for the quarter ended September 30.
Analysts in an ET Now poll had estimated the profit figure at Rs 815 crore.
The lender had posted a net profit of Rs 2,058.19 crore in the corresponding quarter last year.
Provisions and contingencies dipped 11.30 per cent YoY and 33.11 per cent quarter-on-quarter to Rs 3,944.29 crore in Q2FY19.
Asset quality of the lender improved during the quarter under review. Percentage of gross non-performing assets (NPA) eased to 8.54 per cent in Q2FY19 over 8.81 per cent in Q1FY19.
Percentage of net NPA also improved to 3.65 per cent from 4.19 per cent during the period.
Net interest income of the private sector lender increased 12.41 per cent YoY to Rs 6,417.58 crore during the quarter under review.
Total expenditure increased to Rs 13,012.41 crore for the quarter ended September 30 against Rs 11,776.79 crore in the same period last year.
The net interest margin stood at 3.33 per cent in Q2FY19.
Gross NPA additions decreased from Rs 4,036 crore in the quarter ended June 30, to Rs 3,117 crore during the quarter under review.
Consolidated profit after tax of ICICI Bank stood at Rs 1,205 crore in Q2FY19 compared with Rs 2,071 crore in Q2FY18.
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ET Markets
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