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The Baseline
07 May 2019
Result Analyzer: ICICI Bank takes YoY hit in net profits, Gujarat Gas gains on operating margin improvement

ICICI Bank ended flat on results announced for its fourth quarter, with revenues up 21.2% YoY but net profit YoY declining 5%. Share price of the bank's stocks had ended flat yesterday, as markets fell on Trump's fresh tariff threats against China. Gujarat Gas was a gainer yesterday after results despite the weak markets. The oil and gas company (which is in 15 stock screeners) saw revenues rise over 10% YoY while net profits soared over 76% YoY. FirstSource Solutions also rose after results. 

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