ICICI Bank shares surge on strong earnings momentum. The nation's second-largest private lender reported a 9.28 percent rise in consolidated net profit to 14,755 crore for the March quarter, driven by a sharp 90 percent drop in provisioning costs. Stock prices climbed 2.13 percent on the BSE and 2.19 percent on the NSE following the announcement. Standalone net profit increased 8.5 percent to 13,702 crore while full-year post-tax profit grew 6.2 percent to 50,147 crore. The bank demonstrated healthy fundamentals with 15 percent asset growth and an improved net interest margin at 4.32 percent. However, management cautioned that geopolitical tensions in West Asia create uncertainty for future guidance and outlook.
