ICICI Bank has declared its fourth quarter results for FY09. It’s Q4 net profit declined by 35.29% at Rs 744 crore versus Rs 1,149.8 crore in the same period of last year. Its bottom-line was below the expectations of Rs 841.03 crore.

The company’s total income plunged by 11.43% at Rs 9,203 crore versus Rs 10,391 crore, YoY. Its net interest income went up by 2.89% to Rs 2,139 crore from Rs 2,079.46 crore. Provisions went up by 14.47% at Rs 1,084 crore as against Rs 947 crore in the same quarter of last year.

Diluted earning per share (EPS) slipped to Rs 6.68/sh versus Rs 10.27/sh, YoY and net interest margin (NIM) came in at 2.6%. The bank restructured loans worth Rs 1,000 crore in the quarter ended March 2009.

Its non-interest income was down by 29.13 % to Rs 1,674 crore. Treasury income came in at Rs 214 crore in Q4 versus Rs 976 crore in Q3 and fee income declined by 30.34%.

For FY09

The company’s net interest income (NII) increased by 14.55% at Rs 8,367 crore from Rs 7,304 crore.

Its current and saving accounts (CASA) increased at 28.7% versus 26.1% and capital adequacy ratio (CAR) stood at 15.5%.

Operating expenses declined by 14.26% at Rs 6,835 crore from Rs 7,972 and net non-performing assets (NPA) went up at 1.95% as against 1.5%.