More Stories

Informist, Saturday, Jul. 18, 2026

 

Please click here to read all liners published on this story

--ICICI Bank Apr-Jun net profit INR 148.05 bln 
--Analysts saw ICICI Bank Apr-Jun net profit at INR 134.11 bln 
--ICICI Bank Apr-Jun total income INR 542.47 bln
--ICICI Bank Apr-Jun net profit INR 148.05 bln vs INR 127.68 bln yr ago
--ICICI Bank Apr-Jun total income INR 542.47 bln vs INR 514.52 bln yr ago
--ICICI Bank to borrow up to $2.50 bln via debt in overseas mkt
--ICICI Bank Apr-Jun provisions INR 12.60 bln vs INR 18.15 bln year ago
--ICICI Bank gross NPA ratio 1.38% on Jun 30 vs 1.40% qtr ago
--ICICI Bank net NPA ratio 0.35% on Jun 30 vs 0.33% qtr ago
--ICICI Bank Basel-III capital adequacy ratio 16.84% on Jun 30
--ICICI Bank: Hold contingency provision of INR 131 bln on Jun 30
--ICICI Bank Apr-Jun net interest income INR 243.84 bln, up 12.7% on year
--ICICI Bank Apr-Jun net interest margin at 4.36% vs 4.32% quarter ago
--ICICI Bank total deposits at INR 18.34 tln Jun 30, up 14% YoY 
--ICICI Bank CASA ratio at 38.1% on Jun 30 
--ICICI Bank total advances at INR 16.31 tln Jun 30, up 19.6% on yr 
--ICICI Bank Apr-Jun gross NPA additions INR 55.52 bln vs INR 62.45 bln YoY 
--ICICI Bk Apr-Jun recoveries, upgrades INR 28.45 bln vs INR 32.11 bln 
--ICICI Bank Apr-Jun write-offs INR 16.73 bln 

 

By Aaryan Khanna

 

NEW DELHI – ICICI Bank beat analysts' estimates on its net profit and net interest income for the June quarter, posting a healthy rise in the bottom line. The strong operating results was driven by an unexpected expansion in net interest margin, while provisions fell more than expected from a year ago. 

 

The private sector lender posted a net profit of INR 148.05 billion for the June quarter, up 16% on year and 8% on quarter. The average estimate of 16 brokerages for the bank's profit after tax was INR 134.11 billion. The bank's net interest income rose 12.7% on year to INR 243.84 billion. Both the net profit and net interest income were higher than the highest brokerage estimates for the June quarter.

 

Even though the interest earned rose only 6.3% on year, ICICI Bank managed to reduce its interest expenditure from a year ago, which led to the larger expansion in net interest income. The net interest margin rose to 4.36% in the June quarter from 4.32% a quarter ago and 4.34% a year ago. Analysts had expected margins to be flat to lower due to a rise in the cost of deposits and higher interest outgo.

 

Provisions other than tax fell nearly 31% on year to INR 12.60 billion in the June quarter, though they rose sharply from a historically low base of nearly INR 1 billion in the March quarter. Analysts' estimates for provisions in the June quarter ranged from INR 13.69 billion to INR 15.9 billion. The bank continued to hold a contigency provision of INR 131 billion as on Jun. 30, unchanged from a quarter and year ago. 

 

While some brokerages had expected other income to fall on year, ICICI Bank reported a marginal increase at INR 85.76 billion. This lifted total income 5.4% on year to INR 542.47 billion in the reporting quarter. On the other side, operating expenses rose at a quicker pace, up 10.4% on year to INR 125.74 billion. However, the drop in interest expenditure kept total expenses in check, rising only 3.5% on year to INR 338.61 billion. 

 

The bank's asset quality was little changed sequentially but improved from a year ago. The gross non-performing asset ratio was 1.38% on Jun. 30, against 1.40% a quarter ago and 1.67% a year ago. The net NPA ratio stood as 0.35% at June-end, slightly higher than 0.33% as of Mar. 31 but down from 0.41% a year ago. The capital adequacy ratio was 16.84% at the end of June, of which 16.19% was common equity tier-I capital. The latter was well above the minimum regulatory requirement of 8.20% for the systemically important lender.

 

The bank had gross NPA additions of INR 55.52 billion in the June quarter, down 11% on year. However, recoveries and upgrades also fell at the same pace to INR 28.45 billion. The resulting net addition to gross NPAs was INR 27.07 billion in the June quarter, against INR 30.34 billion in the year-ago period. ICICI Bank wrote off loans worth INR 16.73 billion in the June quarter. Its provision coverage ratio was 74.7% at the end of June. 

 

The asset quality of India's second-largest private sector bank remained strong even as business growth outpaced the industry. Total advances were up nearly 20% on year at INR 16.31 trillion as of Jun. 30, with the business banking and rural portfolio showing the highest growth. Retail loans rose 12.0% on year as of Jun. 30 and made up 49.2% of the book, the bank said in a release. The domestic corporate portfolio was up 18.5% on year and 6.9% on quarter. The bank's investor presentation had not been released as at 1525 IST.

 

Total deposits were up 14.0% on year at INR 18.34 trillion at the end of the June quarter, up 2.2% from Mar. 31. The average current account savings account ratio for the reporting quarter was 38.1%, down from 38.6% in Jan-Mar.

 

Along with the results, ICICI Bank's board approved raising its overseas borrowing limit through debt securities to up to $2.50 billion. Ahead of its June quater earnings, the bank's shares ended 1.8% higher at INR 1,444.30 on the National Stock Exchange on Friday.  End

 

US$1 = INR 96.28

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.