India · Delayed Price · Currency is INR ICICI Bank Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw double-digit profit growth, strong loan and deposit expansion, and improved asset quality. Margins remained stable, credit costs low, and capital adequacy robust, with management optimistic on future growth despite external uncertainties.
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Core operating profit grew 6% year-on-year, with stable NIM at 4.3% and strong loan growth. Additional RBI-mandated provisioning impacted reported profits, but capital and asset quality remain robust. Management expects growth momentum and stable margins to continue.
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Profit before tax (excluding treasury) rose 9.1% year-on-year, with strong growth in business banking and stable asset quality. Margins are expected to remain range-bound, and capital adequacy remains robust, supporting continued expansion.
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Profit after tax rose 15.5% year-over-year, with strong growth in business banking and stable asset quality. Margins declined slightly due to deposit repricing, while capital and liquidity positions remain robust. Management expects business banking to outpace overall loan growth.
Fiscal Year 2025
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Profit before tax (ex-treasury) rose 13.2% year-over-year in Q4, with profit after tax up 18%. Loan and deposit growth remained strong, asset quality improved, and capital adequacy is robust. Management expects continued growth, especially in business banking, and stable credit costs.
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Profit before tax (excluding treasury) rose 12.8% year-on-year, with net interest income up 9.1% and strong loan growth across segments. Asset quality remained stable, capital adequacy was robust, and digital initiatives advanced, supporting continued risk-calibrated growth.
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Profit before tax (ex-treasury) rose 7.9% year-over-year, with strong deposit and loan growth, stable asset quality, and robust capital ratios. Margins are expected to remain stable, with credit costs normalizing but still below historical levels.
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Profit before tax (ex-treasury) rose 11.8% YoY, with strong loan and deposit growth, stable asset quality, and robust capital ratios. Operating expenses and credit costs remain well-managed, while competitive pressures persist in lending yields.