ICICI Bank Q1 FY25 Results: Net profit jumps nearly 15%, beats Street estimates; net interest income grows to Rs 19,553 crore | Catch key takeaways

ICICI Bank Q1 FY25 Results | Net interest income up 7.3% at Rs 19,553 crore

Its net interest income - or the difference between the interest earned and the interest paid - grew to Rs 19,552.9 crore for the first quarter of FY25 from Rs 18,226.5 crore a year ago, according to a regulatory filing. 

ICICI Bank Q1 FY25 Results | PAT, NII above analyst estimates

Both the top line as well as bottom line were better than analysts' expectations. According to Zee Business research, ICICI Bank's June-quarter net profit was estimated at Rs 10,570 crore and revenue at Rs 19,430 crore. 

 

ICICI Bank Q1 FY25 Results | Asset quality largely stable

ICICI Bank's gross non-performing assets (GNPAs) as a percentage of total loans stood at 2.15 per cent for the June quarter, as against 2.16 per cent for the previous three months. 

 

Similarly, its net non-performing assets (NNPAs) - or net bad loans - came in at 0.43 per cent as against 0.42 per cent in the final three months of FY24. 

ICICI Bank Q1 FY25 Results | Net interest margin

ICICI Bank's net interest margin - a key measure of profitability for financial institutions - came in at 4.36 per cent for the April-June period as against 4.40 per cent for the previous three months.

 

Zee Business analysts had pegged the lender's quarterly margin in the range of 4.1-4.3 per cent. 

ICICI Bank Q1 FY25 Results: Provisions

ICICI Bank said provisions (excluding those for tax) stood at Rs 1,332 crore ($160 million) in the quarter ended June 30, 2024, as against Rs 1,292 crore ($155 million) in the year-ago period. 

ICICI Bank Q1 FY25 Results: Credit growth

Its net domestic advances were up 15.9 per cent on a year-on-year basis, as of June 30. 

 

ICICI Bank Q1 FY25 Results: Deposit growth

Its total period-end deposits increased 15.1 per cent to Rs 14,26,150 crore ($171.0 billion), as of June 30.