ICICI Bank reported a 15.9 per cent year-on-year rise in standalone profit after tax to Rs 14,805 crore for the quarter ended 30 June, up from Rs 12,768 crore in the corresponding quarter last year. Core operating profit grew 15.6 per cent year-on-year to Rs 20,235 crore, while core operating profit excluding dividend from subsidiaries rose 18.3 per cent to Rs 19,125 crore.
Net interest income increased 12.7 per cent year-on-year to Rs 24,384 crore. Net interest margin grew to 4.36 per cent, compared to 4.32 per cent in the preceding quarter and 4.34 per cent a year earlier. Non-interest income, excluding treasury, rose 16 per cent year-on-year to Rs 8,425 crore, while fee income grew 23.5 per cent to Rs 7,286 crore. Retail, rural, and business banking customers accounted for about 72 per cent of total fees.
Total advances grew 19.6 per cent year-on-year and 5 per cent sequentially to Rs 16,31,260 crore. The retail loan portfolio rose 12 per cent year-on-year, comprising 49.2 per cent of the total loan book. Business banking portfolio grew 28.2 per cent, rural portfolio 35.4 per cent, and domestic corporate portfolio 18.5 per cent year-on-year.
Total period-end deposits increased 14 per cent year-on-year to Rs 18,33,586 crore, with average current and savings account deposits up 12.1 per cent. The bank added 97 branches during the quarter, taking its network to 7,608 branches and 12,190 ATMs and cash recycling machines.
Asset Quality Improves Further
The gross NPA ratio stood at 1.38 per cent compared with 1.40 per cent at 31 March. Net NPA ratio improved to 0.35 per cent from 0.41 per cent a year ago. Gross NPA additions were Rs 5,552 crore in the quarter, against Rs 6,245 crore in the year-ago period. Provisioning coverage ratio on non-performing loans stood at 74.7 per cent.
The bank continued to hold contingency provisions of Rs 13,100 crore, along with an additional standard asset provision of Rs 1,283 crore made in the December 2025 quarter as directed by the RBI in respect of the agricultural priority sector portfolio. Total capital adequacy ratio was 16.84 per cent, and the CET-1 ratio stood at 16.19 per cent, against regulatory minimums of 11.70 per cent and 8.20 per cent, respectively.
Consolidated Profit Rises, Subsidiaries Post Mixed Results
Consolidated profit after tax rose to Rs 15,440 crore in Q1-2027 from Rs 13,558 crore a year earlier. Consolidated assets grew 12.5 per cent year-on-year to Rs 30,02,407 crore.
Among key subsidiaries, ICICI Prudential Life Insurance's annualised premium equivalent rose to Rs 2,136 crore, with its Value of New Business increasing to Rs 571 crore and VNB margin improving to 26.7 per cent. ICICI Lombard General Insurance's gross direct premium income rose to Rs 8,318 crore, though its profit after tax declined to Rs 403 crore from Rs 747 crore a year earlier, as the combined ratio widened to 107.2 per cent from 102.9 per cent.
ICICI Prudential Asset Management Company's profit after tax rose to Rs 965 crore. ICICI Securities posted a consolidated profit after tax of Rs 419 crore. ICICI Home Finance's profit after tax was Rs 200 crore, compared with Rs 214 crore in the year-ago quarter. |
