How Did ICICI Bank Achieve a 15% Increase in Q1 Profit?
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Synopsis
ICICI Bank has achieved an impressive 15% increase in its consolidated net profit for Q1 FY26, reflecting strong performance amidst challenging economic conditions. The bank's net interest income also saw a significant rise, showcasing its resilience and growth potential in the financial sector.
Key Takeaways
- ICICI Bank's consolidated net profit surged by 15% YoY to Rs 13,557.60 crore.
- Net interest income rose by 10.6% YoY, reaching Rs 21,635 crore.
- Total assets increased to Rs 26.68 lakh crore.
- Gross NPA ratio improved to 1.67%.
- Advances rose to Rs 14.45 lakh crore.
New Delhi, July 19 (NationPress) ICICI Bank has reported a remarkable consolidated net profit of Rs 13,557.60 crore for the first quarter of the financial year 2026 (Q1 FY26), reflecting a robust 15 percent year-on-year (YoY) increase, as disclosed by the private lender on Saturday.
In the same quarter last year (Q1 FY25), the bank recorded a profit of Rs 11,695.84 crore. On a sequential basis, the consolidated profit saw a slight rise of Rs 55 crore, compared to Rs 13,502.22 crore reported in Q4 FY25.
However, the bank experienced a decline of over Rs 5,000 crore in its net income or income from operations, which stood at Rs 74,576 crore, down from Rs 79,747 crore in Q4 FY25.
In contrast, net income surged by Rs 7,306 crore, rising from Rs 67,270 crore in the same quarter the previous year, according to its official filing.
The net interest income (NII) saw a 10.6 percent increase YoY, reaching Rs 21,635 crore in the June quarter, compared to Rs 19,553 crore a year ago.
Earnings from interest amounted to Rs 49,079.96 crore during the reviewed quarter, an increase of Rs 693 crore from the previous quarter's Rs 48,386.92 crore and a rise of Rs 4,498 crore from Rs 44,886 in the same quarter a year prior.
Additionally, advances climbed to Rs 14.45 lakh crore in the quarter, up from Rs 14.20 lakh crore QoQ and Rs 13.03 lakh crore YoY. The bank's total assets significantly grew to Rs 26.68 lakh crore in Q1 FY26, up from Rs 24.07 lakh crore in Q1 FY25.
As per the filing, retail banking contributed Rs 40,458.10 crore to total revenue, followed by wholesale banking with Rs 21,450.76 crore, and treasury operations accounting for Rs 36,973.20 crore.
Total expenditures, excluding provisions and contingencies, reached Rs 53,259.22 crore, increasing by over Rs 4,000 crore YoY from Rs 49,192 crore in the same quarter last year.
Moreover, the private lender noted an improvement in gross non-performing assets (NPA) ratio to 1.67 percent as of June 30, 2025, compared to 2.15 percent a year ago. The net non-performing assets ratio stood at 0.41 percent YoY, slightly down from 0.43 percent recorded in the same period last year.
The bank's shares closed positively on Friday, marking the end of the week with the stock closing at Rs 1425.80, up 0.50 percent on the National Stock Exchange (NSE).
Point of View
It's evident that ICICI Bank's performance in Q1 FY26 illustrates a commendable recovery and growth trajectory. The increase in net profit and interest income reflects strong operational strategies and a focus on customer-centric banking. This trend is a positive indicator for the banking sector amidst ongoing economic challenges.
NationPress
19/07/2025
Frequently Asked Questions
What was ICICI Bank's net profit for Q1 FY26?
ICICI Bank reported a consolidated net profit of Rs 13,557.60 crore for the first quarter of FY26.
How much did the net interest income increase?
The net interest income increased by 10.6 percent YoY, reaching Rs 21,635 crore.
What was the gross NPA ratio as of June 30, 2025?
The gross NPA ratio improved to 1.67 percent as of June 30, 2025.
How did the bank's shares perform recently?
ICICI Bank's shares closed at Rs 1425.80, reflecting a 0.50 percent increase on the NSE.
What were the total advances for the bank in Q1 FY26?
The total advances amounted to Rs 14.45 lakh crore in Q1 FY26.
