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Income Statement (INR)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 673B | 0.1% |
Gross Profit | 673B | 0.1% |
Operating expense | 219B | 12.2% |
Net Income | 117B | 0.2% |
EBITDA | -7.67B | 154.6% |
Balance Sheet (INR)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 24,074B | 1.8% |
Total Liabilities | 21,203B | 1.3% |
Total Equity | 2,727B | 6.5% |
Shares Outstanding | 3.58B | 0.2% |
Cash Flow (INR)
Q2 '24 | QoQ |
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Financial Highlights for ICICI Bank in Q2 '24
ICICI Bank reported a revenue of 673B, which is a 0.1% 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 673B, marking a 0.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 219B, showing a -12.2% 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 117B, showing a 0.2% 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 -7.67B, showing a -154.6% 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. A decline in EBITDA signals potential operational challenges or increased costs.