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Informist, Saturday, Oct. 18, 2025

 

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--ICICI Bank Jul-Sept net profit INR 123.59 bln
--Analysts saw ICICI Bank Jul-Sept net profit at INR 123.15 bln
--ICICI Bank provision coverage ratio on NPA loans 75% as on Sept 30 
--ICICI Bank total advances at INR 14.08 tln Sept 30, up 10.3% on year 
--ICICI Bank Jul-Sept net interest margin 4.30% 
--ICICI Bank Jul-Sept NII INR 215.29 bln vs INR 200.48 bln yr ago 
--ICICI Bank: Hold contingency provision of INR 131 bln as on Sept 30 
--ICICI Bank Apr-Sept total income INR 1.01 tln vs INR 937.12 bln yr ago 
--ICICI Bank Apr-Sept net profit INR 251.27 bln vs INR 228.05 bln yr ago 
--ICICI Bank Basel-III capital adequacy ratio 15.76% as on Sept 30
--ICICI Bank net NPA ratio 0.39% as on Sept 30 vs 0.41% qtr ago
--ICICI Bank gross NPA ratio 1.58% as on Sept 30 vs 1.67% qtr ago
--ICICI Bank Jul-Sept provisions INR 9.14 bln vs INR 12.33 bln year ago
--ICICI Bank Jul-Sept total income INR 493.33 bln vs INR 477.14 bln yr ago
--ICICI Bank Jul-Sept net profit INR 123.59 bln vs INR 117.46 bln yr ago
--ICICI Bank Jul-Sept total income INR 493.33 bln
--ICICI Bank retail loan at INR 7.39 tln Sept 30, up 6.6% YoY
--ICICI Bank Jul-Sept cost-to-income ratio at 40.6% vs 37.8% qtr ago
--ICICI Bank Jul-Sept cost of deposits 4.64% vs 4.85% qtr ago
--ICICI Bk Q2 recoveries, upgrades, others INR 36.48 bln vs INR 33.19 bln
--ICICI Bk Jul-Sept write-offs INR 22.63 bln vs INR 33.36 bln year ago
--ICICI Bank Jul-Sept cost of funds 4.78% vs 5.02% qtr ago
--ICICI Bank Jul-Sept domestic NIM 4.37% vs 4.40% qtr ago
--ICICI Bank Jul-Sept overseas NIM 0.98% vs 0.95% qtr ago

 

By Priyasmita Dutta and Aaryan Khanna

 

NEW DELHI – In line with the Street view, ICICI Bank Ltd. posted a humble year-on-year rise in net profit for the September quarter, with business growth driving the bottom line. The large private sector lender's net profit during Jul-Sept came in at INR 123.59 billion, up 5.2% on year. This was slightly higher than analysts' expectation of INR 123.15 billion. Sequentially, the net profit was down 3.2%.

 

At 5.2% year-on-year growth, this was the weakest on year growth since the September quarter of 2019-20 (Apr-Mar). To be fair, analysts have said that September quarter is an inflection point for banks, with improvement expected from the December quarter. 

 

A decent rise in the bank's net interest income supported the bottom line, rising 7.4% on year to INR 215.29 billion in the September quarter.

 

ICICI Bank's total advances at the end of September quarter were INR 14.08 trillion, up 10.3% on year. Of this, net domestic advances grew by 10.6% on year and 3.3% sequentially at the end of September. The retail loan portfolio grew by 6.6% year-on-year and 2.6% sequentially, and comprised 52.1% of the total loan portfolio as on Sept. 30.

 

Domestic loan portfolio grew by 10.6% on year to INR 13.75 trillion at the end of Sept. 30, the bank said in a press release. Average deposits during the same period were up 9.1% at INR 15.57 trillion. Average current account and savings account ratio was 39.2% in Jul-Sept, the bank said.  

 

With the addition of 263 branches during Apr-Sept, the bank had a network of 7,246 branches and 10,610 ATMs and cash recycling machines as on Sept. 30, it said.

 

ICICI Bank's total income during the quarter under review was INR 493.34 billion, up 3.4% on year. Sequentially, it was down 4.1%. For the first half of the current fiscal, ICICI Bank's net profit was INR 251.27 billion, up 10.2% on year. Total income during the same period was INR 1.01 trillion, up 7.8% on year.

 

The bank's Basel-III-compliant capital adequacy ratio at the end of September was 15.76%, higher than 15.35% at end of September last year, but lower than 16.31% at the end of the trailing quarter. 

 

As expected, ICICI Bank's net interest margin declined during the quarter, although in low-single digit, and was much better than industry average. ICICI Bank's net interest margin declined by 4 basis points to 4.30% from 4.34% in the June quarter. Both domestic margin fell by 3 bps sequentially to 4.37% while overaseas margin rose by the same amount to 0.98% in the September quarter.

 

The Reserve Bank of India has cut the benchmark interest rate by 100 basis points to 5.50% in 2025 so far, and a majority of this rate transmission is expected to have taken place in the reporting quarter. The MPC had reduced the repo rate by 25 bps each in February and April, before effecting a 50-bps repo rate cut in June.

 

Following the reduction, the bank's yield on advances fell 24 bps from a quarter ago to 9.29% in Jul-Sept, while cost of deposits was down 21 bps sequentially to 4.64%. ICICI Bank's cost-to-income ratio rose to 40.6% in the September quarter from 37.8% in Apr-Jun.

 

The bank's asset quality improved and provisions shrank on year, aiding net profit. The gross non-performing asset ratio fell by 39 basis points on year to 1.58% as on Sept. 30, and was down 9 bps on quarter. The net non-performing asset ratio also shrank marginally to 0.39% as on Sept. 30. However, provisions fell by over 25% on year and halved sequentially to INR 9.14 billion in Jul-Sept.

 

Even as the provisioning during the quarter shrank, the bank said it held INR 131 billion as a contigency provision as on Sept. 30. The provision coverage ratio was 75.0% as on Sept. 30, down from 75.3% a quarter ago and 78.5% a year ago, the bank said.

 

Gross NPA additions during the reporting quarter were INR 50 billion, down INR 12 billion from a quarter ago but similar to the year-ago period. The bank's recoveries, upgrades and others were INR 36.48 billion in the September quarter, up from INR 32.11 billion a quarter ago and INR 33.19 billion a year ago. Write-offs decreased to INR 22.63 billion in Jul-Sept from INR 33.36 billion a year ago.

 

In the half year ended September, the private-sector lender's net profit rose 10.2% to INR 251.71 billion. Total income for Apr-Sept was up 7.6% on year to INR 1.01 trillion. The board also approved the appointment of Vijayalakshmi Iyer as an additional independent director. Shares of the bank ended 1.4% higher on Friday at INR 1,436.60 on the National Stock Exchange.  End

 

Edited by Vandana Hingorani

 

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