ICICI Bank Profit Meets Estimates, Persistent Systems Revenue Up — Earnings Wrap

Here are the major quarterly results announced after market hours on Saturday:

ICICI Bank Q3 FY24 (Standalone, YoY)

• Net profit up 23.5% to Rs 10,271 crore. (Bloomberg estimate: Rs 9949.8 crore)

• NII up 13% at Rs 18,679 crore.

• Gross NPA down 18 basis points to 2.3%. (QoQ)

• Net NPA up 1 bps 0.44%. (QoQ)

Persistent Systems Q3 FY24 (Consolidated, QoQ)

• Revenue up 3.58% at Rs 2,498.21 crore. (Bloomberg estimate: Rs 2,488.62 crore)

• EBIT up 9.77% at Rs 363.10 crore. (Bloomberg estimate: Rs 353.60 crore)

• EBIT margin up 82 bps at 14.53%. (Bloomberg estimate: 14.21%)

• Net profit up 8.68% at Rs 286.13 crore. (Bloomberg estimate: Rs 280.33 crore)

IDFC First Bank Q3 FY24 (Standalone, YoY)

• Net profit up 18% at Rs 715.7 crore. (Bloomberg estimate: Rs 791.4 crore)

• NII up 30% at Rs 4,286.6 crore.

• Other income up 32% to Rs 1,516.5 crore.

• Gross NPA down 7 basis points at 2.04%. (QoQ).

• Net NPA at 0.68% vs 0.68% (QoQ).

Jammu & Kashmir Bank Q3 FY24 (Standalone, YoY)

• Net profit up 35% at Rs 421.1 crore.

• NII up 2% at Rs 1,280 crore.

• Gross NPA at 4.84% vs 5.26% (QoQ)

• Net NPA at 0.83% vs 1.04% (QoQ)

Waaree Renewable Technologies Q3 FY24 (Consolidated, YoY)

• Revenue up 338.8% at Rs 324.2 crore.

• Ebitda up 145.37% at Rs 87.82 crore.

• Ebitda margin down 2135 bps at 27.08%.

• Net profit up 158% at Rs 64.46 crore.