ICICI Bank Q1 preview: Loan growth, lower provisions to aid PAT growth

Analysts at Sharekhan expect the bank to report a profit after tax (PAT) of Rs 1,377 crore as against a loss of Rs 120 crore in the June quarter of the previous fiscal

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Market news: ICICI Bank is scheduled to announce its April-June quarter earnings for financial year 2019-20 (Q1FY20) on Saturday, July 27. Analysts expect the private lender to report an over Rs 1,000 crore in net profit. Asset quality, especially in the power sector, and trends in loan restructuring would be keenly watched.

Analysts at Sharekhan expect the bank to report a profit after tax (PAT) of Rs 1,377 crore as against a loss of Rs 120 crore in the June quarter of the previous fiscal (Q1FY19). The bank reported a profit of Rs 42.1 crore in the quarter ended March, 2019 (Q4FY19).

“Moderation in credit costs, stable fee income and an improved treasury performance could aid ICICI Bank’s profitability,” say analysts at Motilal Oswal Financial Services (MOFS), who peg the bank’s net...read more

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