ICICI Bank Q1 results: PAT jumps 16% to ₹14,804 crore on healthy interest income growth; asset quality improves

NSE filings data showed that ICICI Bank’s standalone net profit after tax (PAT) for the first quarter of FY2027 witnessed a 16% YoY rise to ₹14,804 crore, compared with ₹12,768 crore in the same period last year.

The standalone financial statements further showed that the company’s net interest income (NII) advanced 6.3% to ₹45,670 crore in the June quarter, compared year-on-year with ₹42,964 crore in the same period a year earlier.

On a sequential basis, the interest income rose 5.5% from its 43,275 crore level in the fourth quarter of FY2025-2026.

Shares of ICICI Bank closed 1.8% higher at ₹1,444.30 after the trading session on Friday, compared to ₹1,418.20 at the previous stock market close. The shares of the bank will remain in focus of investors on Monday, July 20.

Improving asset quality

Banks increase or decrease their provision reserved for bad loans depending on their estimates of non-performing assets (NPAs) in a particular period. In the case of ICICI Bank, the lender reduced its provisions in the June quarter on a year-on-year basis.

NSE filings data showed that the provisions declined 30.5% to ₹1,260.45 crore in the first quarter of FY27, compared with ₹1,814 crore in the same period a year ago. Along with the falling provisions, ICICI Bank’s gross NPAs also recorded improvement in the June quarter.

The institutional lender’s overall asset quality witnessed an improvement in the April to June quarter, with the gross NPAs declining 29 basis points to 1.38% in the first quarter from 1.67% in the same period a year ago.

Even on a sequential basis, the gross NPAs dropped from 1.4% in the fourth quarter of FY2026, as per the exchange filings.

Non-performing assets (NPAs) are loans which have already been given out to the borrower, and they have failed to make the repayment of both the principal amount and the interest charged for a period of 90 days, after which these allocations are classified as bad loans.

The Q1 results data also showed that ICICI Bank’s revenues from retail banking, wholesale banking, treasury operations, and other sources have all witnessed a healthy growth in the period under review, in turn aiding the revenue and profit growth.