ICICI Bank (ICICIBANK) Q3 24/25 earnings summary

Executive summary

• Profit after tax rose 14.8% year-on-year to ₹117.92 billion in Q3-2025, with core operating profit up 13.1% year-on-year to ₹165.16 billion and profit before tax (excluding treasury) up 12.8% year-on-year to ₹152.89 billion.

• Consolidated net profit for Q3-2025 reached ₹12,883.37 crore, compared to ₹11,052.60 crore in Q3-2024.

• Average deposits increased 13.7% year-on-year, and domestic loans grew 15.1% year-on-year, with retail loans up 10.5% and business banking portfolio up 31.9%.

• Strategic focus remains on risk-calibrated profitable growth, customer-centricity, and operational resilience.

• Board approved the results on January 25, 2025; auditors issued an unmodified review.

Financial highlights

• Net interest income for Q3-2025 was ₹203.71 billion, up 9.1% year-on-year; non-interest income rose 12.1% year-on-year to ₹66.97 billion.

• Core operating profit (excluding dividend income) grew 14.7% year-on-year.

• Operating expenses rose 5% year-on-year; employee expenses up 3.1%, non-employee up 6.2%.

• Provisions for Q3-2025 were ₹12.27 billion (0.37% of average advances).

• Treasury gains were ₹3.71 billion, higher than last year due to revised investment guidelines.

Outlook and guidance

• Management sees continued opportunities for risk-calibrated growth across segments.

• Focus remains on technology, people, distribution, and brand investments.

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

• No specific forward guidance on credit costs, but management expects stability barring unforeseen events.

• Implementation of new RBI investment classification and valuation guidelines from April 1, 2024, impacts comparability of results.