ICICI Bank Limited Q1 FY2026 Results
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Overview
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Detailed Analysis
Sentiment
Positive
Executive Summary
ICICI Bank Q1 FY2026: Revenue ₹74,576.03 Cr (vs ₹67,270.06 Cr YoY), PAT ₹13,557.60 Cr (vs ₹11,695.84 Cr YoY)
In Q1 FY2026 ICICI Bank (consolidated) reported total income of ₹74,576.03 Cr and consolidated net profit of ₹13,557.60 Cr, both higher versus Q1 FY2025; operating profit before provisions was ₹21,316.81 Cr. Advances and deposits expanded materially year-on-year reflecting balance sheet growth and contributed to consolidated total assets of ₹2,668,635.96 Cr at June 30, 2025. Key corporate developments in the quarter included ICICI Securities becoming a wholly-owned subsidiary and continued strong subsidiary performances (ICICI Life PAT ₹302 Cr). Management flagged comfortable capital...Total income (consolidated) Q1 FY2026
₹74,576.03 Crvs ₹67,270.06 Cr in Q1 FY2025
Net profit (consolidated) Q1 FY2026
₹13,557.60 Crvs ₹11,695.84 Cr in Q1 FY2025
Profit before tax and minority interest (consolidated) Q1 FY2026
₹19,557.01 Crvs ₹16,818.26 Cr in Q1 FY2025
Total assets (consolidated) at Jun 30, 2025
₹2,668,635.96 Crvs ₹2,407,394.82 Cr in Q1 FY2025
Advances (consolidated) at Jun 30, 2025
₹1,445,593.02 Crvs ₹1,303,045.56 Cr in Q1 FY2025
Deposits (consolidated) at Jun 30, 2025
₹1,641,136.66 Crvs ₹1,456,732.61 Cr in Q1 FY2025
Basic EPS (consolidated) Q1 FY2026
₹19.02 per sharevs ₹16.64 per share in Q1 FY2025
Key Highlights
9
Consolidated profit before tax and minority interest was ₹19,557.01 Cr in Q1 FY2026 driven by segment results totalling ₹20,829.82 Cr before inter-segment adjustments.
Consolidated total income rose to ₹74,576.03 Cr in Q1 FY2026 from ₹67,270.06 Cr in Q1 FY2025, led by higher interest income and insurance premium lines disclosed in the consolidated income statement.
Consolidated advances increased to ₹1,445,593.02 Cr at June 30, 2025, up from ₹1,303,045.56 Cr at June 30, 2024, reflecting 12.0% reported domestic loan growth in the quarter.
Consolidated deposits were ₹1,641,136.66 Cr at June 30, 2025 versus ₹1,456,732.61 Cr at June 30, 2024, supporting net fund growth and liquidity expansion.
ICICI Securities became a wholly-owned subsidiary in Q4 FY2025 and consolidation contributed goodwill and increased consolidated assets and results for Q1 FY2026 (goodwill on consolidation ₹8,459.43 Cr at June 30, 2025).
ICICI Prudential Life Insurance (ICICI Life) reported profit after tax of ₹302 Cr in Q1 FY2026 versus ₹225 Cr in Q1 FY2025, supporting consolidated earnings from insurance subsidiaries.
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Key Highlights
9
Consolidated profit before tax and minority interest was ₹19,557.01 Cr in Q1 FY2026 driven by segment results totalling ₹20,829.82 Cr before inter-segment adjustments.
Consolidated total income rose to ₹74,576.03 Cr in Q1 FY2026 from ₹67,270.06 Cr in Q1 FY2025, led by higher interest income and insurance premium lines disclosed in the consolidated income statement.
Consolidated advances increased to ₹1,445,593.02 Cr at June 30, 2025, up from ₹1,303,045.56 Cr at June 30, 2024, reflecting 12.0% reported domestic loan growth in the quarter.
Consolidated deposits were ₹1,641,136.66 Cr at June 30, 2025 versus ₹1,456,732.61 Cr at June 30, 2024, supporting net fund growth and liquidity expansion.
The Bank reported gross NPA ratio of 1.67% and net NPA ratio of 0.41% at June 30, 2025, with gross NPA additions of ₹6,245 Cr in Q1 FY2026 versus ₹5,916 Cr in Q1 FY2025, indicating asset-quality pressure despite improved ratios YoY.
ICICI Securities became a wholly-owned subsidiary in Q4 FY2025 and consolidation contributed goodwill and increased consolidated assets and results for Q1 FY2026 (goodwill on consolidation ₹8,459.43 Cr at June 30, 2025).
ICICI Prudential Life Insurance (ICICI Life) reported profit after tax of ₹302 Cr in Q1 FY2026 versus ₹225 Cr in Q1 FY2025, supporting consolidated earnings from insurance subsidiaries.
Provision charge (other than tax) on consolidated basis was ₹1,822.33 Cr in Q1 FY2026 compared to ₹1,315.89 Cr in Q1 FY2025, indicating higher provisioning in the quarter.
Consolidated operating expenses (excluding provisions) were ₹53,259.22 Cr in Q1 FY2026 versus ₹49,192.78 Cr in Q1 FY2025, reflecting higher insurance claims and employee costs within group entities.
Guidance & Outlook
4
Management reported standalone capital adequacy including Q1 profits at 16.97% total capital ratio and CET-1 ratio at 16.31% as at June 30, 2025, indicating capital buffer above regulatory minima.
The Bank noted domestic loan growth momentum (net domestic advances growth 12.0% YoY) and expects to continue leveraging retail and business-banking growth segments.
The Bank issued Basel III compliant Tier-2 bonds of ₹1,000 Cr during Q1 FY2026, supporting capital structure and potential future liability management plans.
Management highlighted continued focus on digital and branch expansion with addition of 83 branches in Q1 FY2026 (network 7,066 branches), implying continued investment in distribution.
Risks & Concerns
5
Gross NPA additions rose to ₹6,245 Cr in Q1 FY2026 from ₹5,916 Cr in Q1 FY2025, creating near-term asset-quality pressure despite lower overall NPA ratios.
Provisioning (other than tax) increased to ₹1,822.33 Cr in Q1 FY2026 from ₹1,315.89 Cr in Q1 FY2025, which could compress near-term profitability if provisioning stays elevated.
Consolidated operating expenses rose to ₹53,259.22 Cr in Q1 FY2026 versus ₹49,192.78 Cr in Q1 FY2025, raising the risk of margin pressure if revenue growth moderates.
Integration and goodwill from recent acquisitions (goodwill on consolidation ₹8,459.43 Cr) present execution and impairment risk if subsidiary earnings underperform expectations.
Insurance business cadence (e.g., VNB and premium trends) and actuarial assumptions carry model and regulatory risk as highlighted by reliance on Appointed Actuary certificates in auditor notes.
AI-generated analysis. May contain inaccuracies — verify against original sources.