{"id":131606,"date":"2022-07-25T06:44:44","date_gmt":"2022-07-25T10:44:44","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131606"},"modified":"2022-07-25T06:49:30","modified_gmt":"2022-07-25T10:49:30","slug":"icici-bank-limiteds-55-growth-in-profits-due-to-provisions-and-contingencies","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/icici-bank-limiteds-55-growth-in-profits-due-to-provisions-and-contingencies\/","title":{"rendered":"ICICI Bank Limited’s 55% growth in Profits due to Provisions and Contingencies"},"content":{"rendered":"\n

Total Income for Q1 FY23 has increased by 11% YoY to \u20b939,218.33 crores. Profit After Tax rose by 55% YoY to \u20b97,384 crores. Total Expenditure grew by 8.32% YoY for Q1 FY 2023. Yield on total earning assets fell to 7.19% from 7.25% a year ago.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

Return on Average Equity grew to 15.9% from 11.9% a year ago. In this quarter\u2019s performance review<\/a>, it is clearly visible that provisions and contingencies are the major drivers of growth in profitabilty. Provisions and Contigencies decrease by 62% YoY is the reason as to why there is an 18% jump in Operating Profits but a staggering 55% jump in PBIT & PAT.<\/p>\n\n\n\n

To further read this quarter\u2019s earnings conference call insights, check out this link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Total Income for Q1 FY23 has increased by 11% YoY to \u20b939,218.33 crores. Profit After Tax rose by 55% YoY to \u20b97,384 crores. Total Expenditure grew by 8.32% YoY for Q1 FY 2023. Yield on total earning assets fell to 7.19% from 7.25% a year ago. Return on Average Equity grew to 15.9% from 11.9% […]<\/p>\n","protected":false},"author":1885,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1,6350],"tags":[10089],"class_list":["post-131606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","category-trending-stocks","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":170575,"url":"https:\/\/alphastreet.com\/india\/nuvama-q1-fy26-earnings-results\/","url_meta":{"origin":131606,"position":0},"title":"Nuvama Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 25, 2025","format":false,"excerpt":"Incorporated in 1993, Nuvama Wealth Management Ltd is in the business of broking and trading in equity securities and is also registered as an Investment Adviser and Merchant Banker with SEBI. 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