Q1 Results Live: India Cements In Loss; ICICI Bank Says Increase In Slippages Due To Low Base
Big names like HDFC Bank, ICICI Bank and RBL Bank among many have posed their Q1 results.
Q1 Results Live: ICICI Bank Says Increase In Slippages Due To Low Base
ICICI Bank said the marginal increase in fresh slippages is in line with their expectations and caused due to low base.
Personal loan growth has moderated and asset quality trends have stabilized in the unsecured segment in Q1. The bank is comfortable with overall quality of personal loan portfolio, said Executive Director Sandeep Batra in an earnings call.
"We continue to see healthy growth in business banking portfolio. Business banking is 20% of our total loan portfolio and we are comfortable with quality. Some slowdown in loan growth is because of competitive pricing in large corporate book," he said.
Q1 Results Live: India Cements Business Highlights
Aditya Birla Group company India Cements' domestic sales volume grew 11.6% year-on-year to 2.18 million tonnes. Average capacity utilization was 61% for the quarter.
Cement realisations net of logistics cost improved by 5.7% sequrntially.
Total Ebitda per metric ton was Rs 424, significantly higher than Rs 88 in the March quarter of last fiscal.
Q1 Results Live: India Cements In Loss
India Cements Q1 FY26 Highlights (Consolidated, YoY)
Revenue flat at Rs 1,024.74 crore versus Rs 1,026.76 crore.
Ebitda of Rs 83.2 crore versus Ebitda loss of Rs 24.7 crore.
Net loss of Rs 131.36 versus profit of Rs 71.33 crore.
Exceptional loss of Rs 123.77 crore due to impairment costs related to two subsidiaries.
Q1 Results Live: ICICI Loans And Advances
During the quarter, ICICI Bank wrote off loans worth Rs 2,359 crore. Total advances grew by 12% year-on-year, with domestic advances also increasing by 12% year-on-year.
Retail loans experienced a 6.9% year-on-year growth and accounted for 52.2% of the total loan portfolio. Business banking loans significantly grew by 29.7% year-on-year, while domestic corporate loans increased by 7.5% year-on-year. Recoveries and upgrades, excluding write-offs, amounted to Rs 3,211 crore in Q1.
Q1 Results Live: HDFC Bank Gains From HDB Financial
Net gain to the bank in the Consolidated Financials, on sale of shares of HDB Financial is Rs 6,949.27 crore
Net gain to the Bank on sale of shares under the offer for sale is Rs 9,128.40 crore, before tax and net of estimated IPO related expenses.
