ICICI Bank's Q4 Financial Results Show Strong Growth and Decrease in NPA

ICICI Bank, one of the leading private banks in India, has recently declared its financial results for the quarter ended March 2024. The bank has shown a positive performance with its score improving from 16 to 19 in the last three months, indicating a strong growth trajectory.

One of the key highlights of the financial results is the bank's lowest Gross NPA (Non-Performing Assets) at 2.16%, which has been consistently falling in the last five quarters. This shows that the proportion of stressed loans given by the bank is decreasing, which is a positive sign for its financial health.

Another positive aspect is the bank's Net Interest Income, which has been growing each quarter in the last five quarters and has reached its highest at Rs 19,092.80 crore. This indicates that the bank's core business is performing well and generating higher income.

The bank's Interest Earned has also shown a positive trend, with its highest at Rs 37,948.36 crore and growing each quarter in the last five quarters. This reflects a strong sales trend in the near term.

The bank's Profit After Tax (PAT) has also seen a significant growth, with its highest at Rs 10,707.53 crore and growing each quarter in the last five quarters. This shows a positive trend in the near term for the bank's profitability.

In terms of operating profit, ICICI Bank has recorded its highest at Rs 9,389.97 crore in the last five quarters, indicating a positive trend in the near term. Similarly, the bank's Profit Before Tax less Other Income (PBT) has also shown a positive trend, with its highest at Rs 8,671.48 crore in the last five quarters.

The bank's Earnings per Share (EPS) have also increased, with its highest at Rs 15.25 in the last five quarters. This indicates that the company has created higher earnings for its shareholders, which is a positive sign for investors.

On the other hand, the Non-Operating Income of the bank is 39.45% of its Profit Before Tax (PBT), which is a concern as it shows that the bank's income from non-business activities is high. However, this is not a sustainable business model and the bank may need to focus on increasing its core business income.

Overall, ICICI Bank's financial results for the quarter ended March 2024 have been positive and the stock has been given a 'Strong Buy' call by MarketsMOJO. With a consistent decrease in NPA and a strong growth in key financial indicators, the bank is on a path of steady growth and is a promising investment option in the private banking industry.