ICICI Bank (ICICIBANK) Q1 25/26 earnings summary

Executive summary

• Profit after tax rose 15.5% year-over-year to ₹127.68 billion in Q1-2026, with core operating profit up 13.6% to ₹175.05 billion.

• Net profit for Q1-2026 was ₹12,768.21 crore standalone and ₹13,557.60 crore consolidated, both up year-over-year.

• Net interest income increased 10.6% year-over-year to ₹216.35 billion, and non-interest income grew 13.7% to ₹72.64 billion.

• Domestic loans grew 12% year-over-year, with retail loans up 6.9% and business banking up 29.7%.

• Board approved results on July 19, 2025; auditors issued unmodified reports.

Financial highlights

• Standalone net profit up 15.4% year-over-year; consolidated net profit up 15.9% year-over-year.

• Net interest margin was 4.34% in Q1-2026.

• Non-interest income (excluding treasury) grew 13.7% year-over-year to ₹72.64 billion.

• Fee income rose 7.5% year-over-year to ₹59 billion; 79% from retail, rural, and business banking.

• Total deposits grew 12.8% year-over-year to ₹16,085.17 billion.

• Gross NPA ratio improved to 1.67% from 2.15% year-over-year; net NPA at 0.41%.

• Return on average assets was 2.44% and standalone return on equity was 17.1% for Q1-2026.

Outlook and guidance

• Management expects positive impact from recent monetary easing but sees it as too early to predict a growth revival; will reassess after another quarter.

• Forward-looking statements highlight risks from regulatory changes, economic conditions, interest rates, and asset quality.

• Implementation of new RBI investment portfolio guidelines from April 2024 expected to impact classification and fair value recognition.