Similar companies
Income Statement (INR)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 729B | 8.4% |
| Gross Profit | 952B | 41.5% |
| Cost of Revenue | -222B | 0% |
| Operating expense | 507B | 131.5% |
| Net Income | 129B | 10.7% |
| EBITDA | 185B | 2517.5% |
Balance Sheet (INR)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 25,165B | 4.5% |
| Total Liabilities | 22,208B | 4.7% |
| Total Equity | 2,801B | 2.7% |
| Shares Outstanding | 7.17B | 0.1% |
Cash Flow (INR)
| Q3 '24 | QoQ |
|---|
Financial Highlights for ICICI Bank in Q3 '24
ICICI Bank reported a revenue of 729B, which is a 8.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 952B, marking a 41.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was -222B, a 0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 507B, showing a 131.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 129B, showing a 10.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 185B, showing a 2517.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for ICICI Bank with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
