ICICI Bank Q1 Results Highlights: Net profit rises 14.6% YoY to ₹11,059 crore, NII up 7.3%

The bank's net interest income (NII), which is the difference between interest earned and interest paid, rose 7.3% YoY to ₹19,553 crore. In the year-ago quarter, the NII stood at ₹18,226.5 crore.

ICICI Bank Q1 Results: A look at the key numbers

ICICI Bank Q1 Results LIVE Update at 3:40 pm: Core operating profit grows 11% YoY to ₹15,412 crore

• The core operating profit grew by 11% year-on-year to ₹15,412 crore in Q1FY25 from ₹13,887 crore in Q1FY24.
• Meanwhile, provisions (excluding provision for tax) stood at ₹1,332 crore, up 3.1% as compared to ₹1,292 crore in the year-ago period.

ICICI Bank Q1 Results LIVE Update at 3:35 pm: Total advances jump 15.7% YoY to ₹12.23 lakh crore

• Total advances increased by 15.7% YoY and 3.3% sequentially to ₹12,23,154 crore as of June 30, 2024.
• The retail loan portfolio grew by 17.1% YoY and 2.4% sequentially, and comprised 54.4% of the total loan portfolio.

ICICI Bank Q1 Results LIVE Update at 3:30 pm: Total deposits grew 15.1% YoY to ₹14.26 lakh crore

• Total period-end deposits increased by 15.1% YoY and 0.9% sequentially to ₹14,26,150 crore.
• Average deposits increased by 17.8% YoY and 3.3% sequentially to ₹13,78,658 crore
• Average current account deposits increased by 13.3% YoY and 3.1% sequentially, whereas average savings account deposits increased by 8.2% YoY and 6% sequentially.

ICICI Bank Q1 Results LIVE Update at 3:23 pm: Net NPA ratio rises sequentially

• The net NPA ratio grew marginally to 0.43%, as compared to 0.42% in the preceding quarter.
• In absolute terms, net NPA climbed to ₹5,684.8 crore in Q1FY25 from ₹5,377.8 crore in Q4FY24.

ICICI Bank Q1 Results LIVE Update at 3:18 pm: Gross NPA rises to ₹28,718.6 crore

• The gross non-performing assets (NPA) rose to ₹28,718.6 crore during the quarter under review, as compared to ₹27,961.7 crore in the preceding March 2024 quarter.
• The gross NPA ratio, however, climbed down to 2.15% in Q1FY25 as compared to 2.16% in Q4FY24.

ICICI Bank Q1 Results LIVE Update at 3:14 pm: Earnings surpass estimates

The lender's first quarter results have surpassed estimates. The net profit has risen by 14.6% YoY as compared to the expectation of 10% YoY growth, which was based on the average of estimates shared by seven brokerages.

The NII has climbed by 7.3% YoY, marginally higher as compared to the estimate of 7% YoY growth.

ICICI Bank Q1 Results LIVE Update at 3:11 pm: NII rises 7.3% YoY to ₹19,553 crore

• The net interest income rose 7.3% year-on-year to ₹19,553 crore, as per the standalone results declared by the lender.
• In the June 2023 quarter, ICICI Bank had reported an NII of ₹18,226.5 crore.

ICICI Bank Q1 Results LIVE Update at 3:07 pm: Net profit rises 14.6% YoY to ₹11,059 crore

• The standalone net profit for the June 2024 quarter increased to ₹11,059 crore, as per the results shared by ICICI Bank in a regulatory filing.
• This is 14.6% higher as compared to the standalone net profit of ₹9,648 crore reported in the year-ago period.

ICICI Bank Q1 Results LIVE Update at 12:40 pm: How the lender performed in the year-ago quarter?

• In the June 2023 quarter, the bank had reported a net profit of ₹9,649 crore.
• The NII in the year-ago period stood at ₹18,226 crore.

ICICI Bank Q1 Results LIVE Update at 11:55 am: What estimates suggest

The preview ahead of the Q1FY25 results suggests a decent quarter for the lender. The net profit is expected to rise 10% YoY to ₹10,614 crore, as compared to ₹9,649 crore in Q1FY24, as per an average of estimates shared by seven brokerages.

The net interest income (NII) is estimated to grow 7% YoY to ₹19,515 crore, as compared to ₹18,226 crore in the June 2023 quarter.

ICICI Bank Q1 Results LIVE Update at 11:15 am: How the stock has performed in recent period?

The bank's shares remained nearly flat in the past one month, but have risen by around 19% in the last six months. The year-to-date surge is of about 21%, whereas, the stock has given returns of nearly 23% in the last 12 months.

ICICI Bank Q1 Results LIVE Update at 10:30 am: How the bank performed in the preceding March 2024 quarter?

The bank has a market capitalisation of around ₹8.5 lakh crore. Its shares last traded on the National Stock Exchange (NSE) at ₹1,207.20 apiece, up 0.78%.