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ICICI AMC Q2 Results: Net Profit Drops 8% To Rs 889 Crore, Rs 30 Per Share Dividend Declared

ICICI Bank moved lower in a quarterly results development.

· NDTV Profit

ICICI Prudential Asset Management Co's total income reduced 3.1% QoQ to Rs 1,691 crore, compared with Rs 1,745 crore in the previous quarter.

ICICI Bank reported Rs 889 Crore, Rs 30 and Rs 1,691 crore, with movement of 8% and 3.1% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -1.1% on the day at ₹1,340.00, and has returned -4.4% over three months. It sits 8% below its 52-week high. The banks sector has moved -4.9% over the same period, so ICICI Bank is running 0.5 points ahead of its peers.

For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
  • Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
  • The company directly in focus is ICICIBANK.
  • Sector exposure: Banks.
  • The immediate tone of coverage reads negative.