ICICI Bank Q1 profit rises 15% YoY to ₹12,768 crore, beats estimates

ICICI Bank reported a 15% YoY rise in standalone net profit at ₹12,768 crore for Q1 FY26, surpassing Street expectations. The Net Interest Income (NII) grew by 8.4% YoY to ₹21,634 crore, slightly above the ₹21,091 crore estimate from analysts.

The bank’s core operating profit rose 13.6% YoY to ₹17,505 crore, while other income jumped to ₹8,504 crore from ₹7,001 crore last year. Total standalone income stood at ₹51,451 crore.

On the asset quality front, gross NPA declined to 1.67% (from 2.15% YoY), and net NPA fell to 0.41%. Net additions to NPAs were ₹3,034 crore, and write-offs totaled ₹2,359 crore. The provisioning coverage ratio stood at 75.3%.

Deposit and Loan Performance:

Total deposits: ₹16.08 lakh crore (up 12.8% YoY)

Advances: ₹13.64 lakh crore

CASA ratio: 38.7%

Capital adequacy (Basel III): 16.31%

Acquisition News:

The bank’s board approved acquiring 100% stake in ICICI Prudential Pension Funds Management (ICICI PFM) for ₹203.5 crore, turning it into a wholly owned subsidiary. The deal is pending approvals from RBI and PFRDA.

Consolidated View:

Net profit rose 15.9% YoY to ₹13,557 crore, with total income at ₹74,576 crore. Group companies like ICICI Lombard and ICICI Prudential Life also contributed to overall profitability.