ICICI Bank Q2 Preview: Profit may rise 8-14% YoY, NIM likely to contract
ICICI Bank is in focus in a quarterly results development with October 17 in focus.
· Business Standard Mkts
The bank is slated to post its September quarter earnings this Saturday (October 17) along with several other leading private banking names.
Key facts
- Dates in focus
- October 17
The analysis
ICICI Bank reported movement of -14%. 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 +0.4% on the day at ₹1,395.20, and has returned -1.9% over three months. It sits 5% below its 52-week high. The banks sector has moved -4.0% over the same period, so ICICI Bank is running 2.1 points ahead of its peers.
This is an Asset quality / margins event. For lenders the headline profit is the least informative line. Slippages, credit cost and margin direction determine whether the quarter is repeatable. On the day the stock is +0.4%, so the price barely moved, which suggests this was expected or is seen as immaterial.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks.
In this story
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