ICICI Bank's Q4 net profit down 87%; stock falls

ICICI Bank has reported nearly 87% fall in its consolidated net profit in the fourth quarter (Q4) ended March 31, 2016.

The bank posted a consolidated net profit of Rs 407 crore during the quarter under review as compared to Rs 3,085 crore in the corresponding period of fiscal 2014-15.  

However, the bank's total income during the period was up 13.26% to Rs 28,216.78 crore as compared to Rs 24,914.26 crore in the year-ago period.

At 12:28 hours, the shares of ICICI Bank were trading down 1.73% or Rs 4.15 at Rs 236.00 per scrip on the Bombay Stock Exchange (BSE).