Its net profit increased 8.5% to ₹13,701.7 crore from ₹12,630 crore in the previous year. It was also above Street estimates of ₹12,949 crore.
The lender’s net interest income (NII) was at ₹22,979.2 crore, up 8.4% from the previous year’s ₹21,193 crore and higher than the CNBC-TV18 poll of ₹22,755 crore.
ICICI Bank’s asset quality improved as well. Its net non-performing assets (NPA) fell to 0.33% from 0.37% in the previous quarter. it was down to ₹5,459.5 crore from ₹5,732 crore in the previous quarter.
Its gross NPA contracted to 1.4% from 1.53% sequentially. It declined to ₹23,051.9 crore from ₹23,758 crore in the earlier quarter.
The bank’s provisions were at ₹96.2 crore compared to ₹2,556 crore sequentially and ₹890.7 crore in the previous year.
ICICI Bank’s total advances increased by 15.8% from the previous year and 6% sequentially to ₹15.53 lakh crore.
Its net interest margin was at 4.32% in the fourth quarter compared to 4.3% in the previous quarter. Its NIM for FY26 was 4.32% similar to the previous fiscal.
Sameer Sawant, Research Analyst at Mirae Asset Sharekhan, said, “On credit growth, we were expecting a slightly lower number sequentially, around 4.5% to 5%, but the actual numbers are at around 6% on a sequential basis and 15.8% on a yearly basis. So that is a clear beat on our expectations as well. Otherwise also, on the operating performance front, margins were expected to remain largely the same. There is a 2-basis-point improvement, which is a positive from our expectations. On the profitability front, the provision number has been much lower than what we had anticipated. Owing to that, there has been a handsome beat on profitability for ICICI Bank. So I think the overall numbers are quite good.”
“The primary reason is for provisions coming down is improvement in asset quality. If you look sequentially, the GNPA ratio has fallen by 13 basis points. This was much better than our expected number—we were expecting around 1.46%, and now it is at around 1.4%. There has also been a component of NPA sales and good recoveries, which has led to a sharp decline in provisions,” he added.
Shares of ICICI Bank Ltd. ended the previous session 0.5% up at ₹1,352.8 apiece. The stock has risen 3.9% in the past month.
Also Read: HDFC Bank Q4 Results: Core income grows 4%, asset quality improves
