ICICI Bank Q1 Results: Net Profit Zooms 15.5% YoY To Rs 12,768 Cr On Robust Core Operating Income

Strong core income along with steady asset quality propelled ICICI Bank's Q1FY26 financial performance on Saturday, July 19. According to the bank, its standalone net profit increased from Rs 11,059 crore in Q1-2025 to Rs 12,768 crore in Q1FY2026, a 15.5% year-on-year growth.

According to the bank, its core operating profit increased from Rs 15,412 crore in Q1-2025 to Rs 17,505 crore in Q1-2026, a 13.6% YoY growth. The net interest income (NII) of ICICI Bank climbed from Rs 19,553 crore in Q1-2025 to Rs 21,635 crore in Q1-2026, a 10.6% year-on-year growth.

The Board of Directors considered and approved "Acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential Life Insurance Company Limited (ICICI Life) to make ICICI PFM a wholly owned subsidiary of the Bank, subject to RBI, PFRDA and other necessary approvals," said ICICI Bank in a regulatory filing today.

Compared to 4.41% in Q4 2025 and 4.36% in Q1 2025, the bank's net interest margin was 4.34% in Q1 2026. According to ICICI Bank, its non-interest income climbed from Rs 6,389 crore in the same quarter of the previous fiscal year to Rs 7,264 crore in the current quarter, a 13.7% year-on-year gain.

According to ICICI Bank, its provisions in Q1FY2026 were Rs 1,815 crore, whereas in Q1-2025 they were Rs 1,332 crore. As of June 30, 2025, net domestic advances climbed by 1.5% sequentially and 12.0% annually in terms of credit growth. As of June 30, 2025, the retail loan portfolio accounted for 52.2% of the overall loan portfolio, up 6.9% YoY and 0.5% sequentially.

The total period-end deposits of ICICI Bank rose 12.8% YoY to Rs 16,08,517 crore on June 30, 2025, from Rs 16,10,348 crore on March 31, 2025. In Q1 2026, average deposits reached Rs 15,33,241 crore, up 3.1% sequentially and 11.2% YoY. In Q1 2026, average current account deposits grew 4.6% sequentially and 11.2% YoY. In Q1 2026, average savings account deposits rose 3.6% sequentially and 7.6% annually.

In the first quarter of FY26, ICICI Bank demonstrated strong asset quality by keeping key ratios at satisfactory levels. The loan book quality has steadily improved, as seen by the Gross Non-Performing Assets (GNPA) ratio, which remained steady at 1.67% from the previous quarter and far lower than the 2.15% from the same time last year. At 0.41%, the Net NPA (NNPA) ratio was an improvement above 0.43% in Q1FY25 but a slight increase over 0.39% in Q4FY25. The bank's strong asset profile and operational efficiency were further highlighted by its return on assets (RoA), which was 2.44%.

With a Basel III Capital Adequacy Ratio (CAR) of 16.31%, substantially over the minimum threshold, the bank likewise maintained a strong capital position. Consolidated net profit increased from Rs 11,696 crore in Q1FY25 to Rs 13,558 crore, whereas as of June 30, 2025, consolidated assets were at Rs 26,68,636 crore, up 10.9% from the previous year at Rs 24,07,395 crore.

As of June 30, 2025, the bank has a network of 7,066 branches and 13,376 ATMs and cash recycling machines, having added 83 branches in Q1-2026, bringing its total number to 7,066.