ICICI Bank Reports 9% Increase in Q4 Net Profit to Rs 14,755 Crore; NII Grows by 8%
Synopsis
Key Takeaways
Mumbai, April 18 (NationPress) On Saturday, ICICI Bank announced a consolidated net profit of Rs 14,755 crore for the fourth quarter of FY26, marking a 9 percent increase year-on-year (YoY). This is an improvement from the profit after tax (PAT) of Rs 13,502.22 crore reported in the same quarter the previous year.
The bank's core net interest income (NII) rose by 8 percent YoY, reaching Rs 22,979 crore for the quarter, compared to Rs 21,193 crore in the same timeframe last year, according to an exchange filing by the bank.
Total income for the quarter was recorded at Rs 84,613.66 crore, up from Rs 79,747.77 crore in Q4 FY25.
During this quarter, the bank earned Rs 49,593.75 crore in interest, a slight increase from Rs 48,363.84 crore in the prior quarter.
Additionally, other income—which encompasses premium income from the insurance sector and various operating revenues—climbed to Rs 35,019.91 crore, up from Rs 31,360.85 crore a year prior.
Operating profit before provisions and contingencies surged to Rs 21,004.88 crore in Q4 FY26.
Total expenditures were recorded at Rs 63,608.78 crore, while employee expenses for the quarter amounted to Rs 6,256.82 crore.
Notably, provisions (excluding tax) and contingencies saw a significant drop to Rs 260.67 crore in Q4 FY26, down from Rs 2,646.52 crore in the previous quarter.
On the business front, total assets increased to Rs 29.14 lakh crore, compared to Rs 26.42 lakh crore last year.
Deposits rose to Rs 18.30 lakh crore, up from Rs 16.41 lakh crore a year earlier.
Gross advances climbed to Rs 16.44 lakh crore, in comparison to Rs 14.20 lakh crore the previous year.
In addition to its earnings report, the bank declared a dividend of Rs 12 per equity share for its shareholders, pending necessary approvals.
On Friday, ICICI Bank's shares closed at Rs 1,352.80, representing a 0.54 percent increase on the NSE.