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  1. ICICI Bank Q3 Results: Net profit up 14.8% YoY to ₹ 11,792 crore, NII increases to ₹20,371 crore

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ICICI Bank Q3 Results: Net profit up 14.8% YoY to ₹ 11,792 crore, NII increases to ₹20,371 crore

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2 min read | Updated on January 25, 2025, 15:15 IST

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SUMMARY

ICICI Bank, announcing its financial results for the October-December quarter of the current fiscal (Q3 FY2%), reported a 14.8% year-over-year (YoY) jump in its standalone net profit to ₹11,792 crore. Its consolidated net profit increased to ₹11,052.60 crore, up ₹16.6% against Q3 FY24.

Shares of ICICI bank closed 0.99% up at ₹1,213.70 apiece on the NSE on Friday

Shares of ICICI bank closed 0.99% up at ₹1,213.70 apiece on the NSE on Friday

ICICI Bank announced its financial results for the third quarter of the current fiscal year (Q3 FY25) on Saturday, January 25, reporting a standalone profit of ₹11,792 crore, up 14.8% year-over-year (YoY) as compared to ₹10,271.54 crore in Q3 FY24.

Key highlights

  • Net interest income (NII) income of the bank increased by 9.1% YoY to ₹20,371 crore against ₹18,678 crore posted in the year-ago period.

  • Net interest margin was at 4.25% in the reporting quarter as compared to 4.27% in Q2 FY25 and 4.43% in Q3 FY24.

  • Core operating profit of the bank rose by 13.1% YoY to ₹16,516 crore.

  • Net NPA ratio stood at 0.42% and the provisioning coverage ratio on non-performing loans was 78.2% in Q3 FY25.

  • Gross NPA ratio for Q3 FY25 was at 1.96% against 1.97% in Q2 FY25.

Consolidated results

ICICI bank's consolidated net profit was at ₹12,883.37 crore, up 16.6% as compared to ₹11,052.60 crore reported in the year-ago period. On a sequential basis, the net profit fell by 0.5% against ₹12,947.77 in Q2 FY25. Consolidated assets of the bank were up by 14.7% YoY at ₹25,31,488 crore.

Shares of the bank ended 0.99% up at ₹1,213.70 apiece on the NSE on Friday, January 24. Market capitalisation of ICICI Bank stood at ₹8,56,945.95 crore.

About The Author

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Vani Dua is a journalism graduate from LSR College, Delhi. She is passionate about news and presently covers markets, business, economy, and other related fields. She is an avid reader and loves to spend her time weaving stories in her head.

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