ICICI Bank Limited Q4 FY2026 Results
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Overview
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Detailed Analysis
Sentiment
Positive
Executive Summary
ICICI Bank Q4 FY2026: Revenue ₹84,613.66 Cr (vs ₹79,747.77 Cr YoY), PAT ₹14,755.06 Cr (vs ₹13,502.22 Cr YoY)
In Q4 FY2026 ICICI Bank (consolidated) delivered total income of ₹84,613.66 Cr and consolidated net profit of ₹14,755.06 Cr, representing YoY increases versus Q4 FY2025; operating profit before provisions rose to ₹21,004.88 Cr. Credit expansion continued with consolidated advances of ₹1,644,657.97 Cr at March 31, 2026, and deposits rose to ₹1,830,020.12 Cr. The Board recommended a dividend of ₹12 per share and approved renewal of debt fundraising limits (domestic ₹250.00 billion and overseas USD 1.50 billion). Asset quality and regulatory provisions remain focal points following RBI-directed...Total income (consolidated) Q4 FY2026
₹84,613.66 Crvs ₹79,747.77 Cr in Q4 FY2025
Net profit (consolidated) Q4 FY2026
₹14,755.06 Crvs ₹13,502.22 Cr in Q4 FY2025
Operating profit before provisions (consolidated) Q4 FY2026
₹21,004.88 Crvs ₹20,052.81 Cr in Q4 FY2025
Interest earned (consolidated) Q4 FY2026
₹49,593.75 Crvs ₹48,386.92 Cr in Q4 FY2025
Provisions and contingencies (consolidated) Q4 FY2026
₹260.67 Crvs ₹940.13 Cr in Q4 FY2025
Basic EPS (consolidated) Q4 FY2026
₹20.62 per sharevs ₹19.11 per share in Q4 FY2025
Consolidated advances at period end (Mar 31, 2026)
₹1,644,657.97 Crvs ₹1,420,663.71 Cr at Mar 31, 2025
Consolidated deposits at period end (Mar 31, 2026)
₹1,830,020.12 Crvs ₹1,641,637.40 Cr at Mar 31, 2025
Key Highlights
10
Consolidated total income in Q4 FY2026 was ₹84,613.66 Cr driven by higher interest income of ₹49,593.75 Cr and insurance operating inflows, lifting top-line YoY.
Consolidated net profit for Q4 FY2026 rose to ₹14,755.06 Cr, supported by lower provisions (₹260.67 Cr in Q4 FY2026 vs ₹940.13 Cr in Q4 FY2025) and steady operating performance.
Consolidated operating profit before provisions increased to ₹21,004.88 Cr in Q4 FY2026 reflecting margin and fee income resilience across segments.
Consolidated advances at March 31, 2026 were ₹1,644,657.97 Cr, a YoY increase reflecting continued credit growth across retail, business banking and corporate portfolios.
Consolidated deposits grew to ₹1,830,020.12 Cr at March 31, 2026, supporting loan growth and funding mix (increase vs ₹1,641,637.40 Cr at March 31, 2025).
ICICI Life (consolidated segment) reported FY2026 profit after tax of ₹1,600 Cr and Q4 FY2026 PAT of ₹609 Cr, contributing to consolidated non-banking income growth.
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Key Highlights
10
Consolidated total income in Q4 FY2026 was ₹84,613.66 Cr driven by higher interest income of ₹49,593.75 Cr and insurance operating inflows, lifting top-line YoY.
Consolidated net profit for Q4 FY2026 rose to ₹14,755.06 Cr, supported by lower provisions (₹260.67 Cr in Q4 FY2026 vs ₹940.13 Cr in Q4 FY2025) and steady operating performance.
Consolidated operating profit before provisions increased to ₹21,004.88 Cr in Q4 FY2026 reflecting margin and fee income resilience across segments.
Consolidated advances at March 31, 2026 were ₹1,644,657.97 Cr, a YoY increase reflecting continued credit growth across retail, business banking and corporate portfolios.
Consolidated deposits grew to ₹1,830,020.12 Cr at March 31, 2026, supporting loan growth and funding mix (increase vs ₹1,641,637.40 Cr at March 31, 2025).
The Bank continues to hold a contingency provision of ₹13,100.00 Cr as at March 31, 2026, and RBI directed an additional standard asset provision of ₹1,283.00 Cr in respect of certain agricultural priority sector exposures.
Board recommended dividend of ₹12 per equity share for FY2026 (subject to approvals) and authorized renewal of debt fund-raising limits: domestic private placement up to ₹250.00 billion and overseas up to USD 1.50 billion.
ICICI Life (consolidated segment) reported FY2026 profit after tax of ₹1,600 Cr and Q4 FY2026 PAT of ₹609 Cr, contributing to consolidated non-banking income growth.
The Group held goodwill and consolidation impacts in FY2026 (acquisitions/ stake changes in subsidiaries) which affect comparability with prior periods, as disclosed in consolidated notes.
Provisions decreased significantly in Q4 FY2026 to ₹260.67 Cr reflecting higher recoveries and write-backs in the quarter, supporting PAT expansion.
Guidance & Outlook
5
Board recommended a dividend of ₹12 per equity share for FY2026 subject to shareholder approvals, indicating management intent to return capital.
Board approved annual renewal of debt fund-raising limits up to ₹250.00 billion (domestic) and USD 1.50 billion (overseas) for one year, supporting liquidity and wholesale funding plans.
Group will continue to monitor provisions and RBI-led regulatory matters (including the additional standard provision for agricultural PSL), which may persist until remediation or reclassification is completed.
Management highlighted continued credit growth and branch expansion (7,511 branches and 12,087 ATMs at Mar 31, 2026) as a strategic priority to capture retail and business banking volumes.
Board authorised buyback of debt securities within authorised limits, providing flexibility in liability management and potential support for spread management.
Risks & Concerns
5
RBI-directed additional standard asset provision of ₹1,283.00 Cr for a portfolio of agricultural priority sector credit facilities increases recurring provisioning risk until those loans are repaid or regularised.
The Bank holds a large contingency provision pool of ₹13,100.00 Cr at March 31, 2026 which could mask future volatility in credit outcomes and may be drawn down if stress emerges.
Consolidated results include non-banking subsidiaries (insurance, asset management, general insurance) where actuarial and claims assumptions (ICICI Life and ICICI Lombard) can introduce volatility in consolidated profits.
Treasury result volatility (standalone treasury loss of ₹106 Cr in Q4 FY2026 vs gain in prior periods) indicates market risk exposure that can swing quarterly P&L.
Goodwill and consolidation adjustments from acquisitions and stake changes (e.g., recognition of goodwill in prior periods) reduce comparability and could affect future impairment risk.
AI-generated analysis. May contain inaccuracies — verify against original sources.