ICICI Bank Q1 FY26 Results: Net Profit Climbs 15.5% YoY to ₹12,768 Crore
ICICI Bank, the country’s second-largest private sector lender, announced a 15.5% year-on-year growth in standalone net profit, reaching ₹12,768.21 crore for the quarter ended June 30, 2025. This marks a steady rise from ₹11,056 crore recorded in the same quarter last year.
The bank’s total standalone income rose to ₹51,451.81 crore, up from ₹45,997.70 crore in the corresponding quarter of the previous year. Other income—which includes fees and commissions, among other items—jumped to ₹8,504.90 crore, compared to ₹7,001.92 crore a year earlier.
On a consolidated basis, net profit surged 15.9% to ₹13,558 crore in Q1 FY26, as opposed to ₹11,696 crore in the year-ago quarter.
Key Financial Highlights
- Net Interest Income (NII), which represents the core income from lending operations, increased 10.6% YoY to ₹21,635 crore.
- Other income (excluding treasury) rose 13.7% to ₹7,264 crore.
- Net Interest Margin (NIM) declined slightly to 4.34%, from 4.41% in the previous quarter.
- Provisions (excluding tax-related) increased to ₹1,815 crore, up from ₹1,332 crore a year ago.
- Gross Non-Performing Asset (GNPA) ratio improved to 1.67% as of June 30, compared to 2.15% a year earlier.
The bank’s core operating profit stood at ₹17,505 crore in Q1, reflecting a 13.6% increase YoY, while profit before tax (excluding treasury gains) climbed 11.4% to ₹15,690 crore.
Advances, Deposits & Capital
- Total advances as of June 30 rose to ₹13.64 lakh crore.
- Deposits registered a 12.8% annual growth, totaling ₹16.08 lakh crore.
- The average Current and Savings Account (CASA) ratio remained stable at 38.7%.
- Capital adequacy ratio, based on Basel III norms, came in at 16.31%, slightly down from 16.55% in the March quarter.
Strategic Acquisition
In a key development, the bank’s board gave the green light to acquire ICICI Prudential Pension Funds Management Company Ltd (ICICI PFM) from ICICI Prudential Life Insurance. This acquisition will make ICICI PFM a wholly owned subsidiary of ICICI Bank.
- ICICI PFM had total assets of ₹59.26 crore and posted a net loss of ₹3.54 crore in FY25.
- The bank will pay ₹203.5 crore in cash for the deal, which is categorized as a related party transaction but will be carried out on an arm’s length basis.
- The transaction awaits approval from regulatory bodies including the Reserve Bank of India (RBI) and the Pension Fund Regulatory and Development Authority (PFRDA).
ICICI Bank said this move aligns with its broader ‘Customer 360’ strategy, aimed at deepening customer engagement and streamlining pension fund services.
Market Response
Ahead of the results announcement, ICICI Bank’s stock price rose 0.56% on Friday, closing at ₹1,426.70 on the NSE.
