ICICI Bank Q1: Private Lender Sees 15 Per Cent Jump In Net Profit
The bank’s net interest income (NII) rose by 10.6 per cent YoY to Rs 21,635 crore in Q1 FY26, compared to Rs 19,553 crore in the year-ago quarter.
ICICI Bank on Saturday announced a 15 per cent year-on-year (YoY) increase in its consolidated net profit for the first quarter of financial year 2026 (Q1 FY26), reaching Rs 13,557.60 crore.
This marks a significant rise from the Rs 11,695.84 crore profit it posted in the corresponding April-June quarter last year (Q1 FY25). On a sequential basis, the profit rose marginally by Rs 55 crore from Rs 13,502.22 crore reported in the January-March quarter (Q4 FY25), reported IANS.
The private sector lender saw its total income from operations decline sequentially by over Rs 5,000 crore to Rs 74,576 crore from Rs 79,747 crore in Q4 FY25. However, the figure represented a notable YoY increase of Rs 7,306 crore from Rs 67,270 crore in the June quarter of FY25.
Interest Income and Advances See Robust Growth
The bank’s net interest income (NII) rose by 10.6 per cent YoY to Rs 21,635 crore in Q1 FY26, compared to Rs 19,553 crore in the year-ago quarter. Interest income also showed a healthy increase, rising to Rs 49,079.96 crore, up Rs 693 crore from Rs 48,386.92 crore in Q4 FY25 and Rs 4,498 crore higher than the Rs 44,886 crore recorded in Q1 FY25.
ICICI Bank’s total advances stood at Rs 14.45 lakh crore, an increase from Rs 14.20 lakh crore in the previous quarter and Rs 13.03 lakh crore reported in the same period last year. The bank’s total assets grew significantly to Rs 26.68 lakh crore, up from Rs 24.07 lakh crore in Q1 FY25.
Retail banking remained the largest contributor to the bank’s revenue at Rs 40,458.10 crore, followed by treasury operations at Rs 36,973.20 crore, and wholesale banking, which contributed Rs 21,450.76 crore.
NPA Ratios Improve; Stock Ends Week on Positive Note
The private lender reported an improvement in its asset quality. The gross non-performing asset (NPA) ratio declined to 1.67 per cent as of June 30, 2025, compared to 2.15 per cent a year earlier. Similarly, the net NPA ratio improved slightly to 0.41 per cent from 0.43 per cent in the same quarter last year.
ICICI Bank’s total expenditure, excluding provisions and contingencies, rose to Rs 53,259.22 crore, up over Rs 4,000 crore from Rs 49,192 crore in the corresponding quarter of the previous fiscal.
Shares of ICICI Bank closed higher on Friday, the final trading day of the week. The stock ended at Rs 1,425.80 on the National Stock Exchange (NSE), marking a gain of 0.50 per cent.
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