ICICI Bank Q3 PAT grows 15% YoY to Rs 11,792 crore

The bank's profit before tax (PBT) stood at Rs 15,659.90 crore in the third quarter of FY25, registering a growth of 14.52% YoY.

Net interest income (NII) increased by 9.06% YoY to Rs 20,371 crore in during the quarter. Net interest margin (NIM) was 4.25% in Q3 FY25 as compared to 4.43% in Q3 FY24.

The bank's provisions (excluding provision for tax) rose by 16.89% to Rs 1,226.65 crore in the December 2024 quarter as against Rs 1,049.37 crore registered in same period a year ago.

Total period-end deposits increased by 14.1% YoY to Rs 15,20,309 crore as of December 2024.

The net domestic advances grew by 15.1% YoY and total advances increased by 13.9% YoY to Rs 13,14,366 crore as at 31 December 2024.

The retail loan portfolio grew by 10.5% YoY, and comprised 52.4% of the total loan portfolio at 31 December 2024. Including non-fund outstanding, the retail portfolio was 43.9% of the total portfolio at 31 December 2024.

On asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 27,745.33 crore as on 31 December 2024 as against Rs 28,774.63 crore as on 31 December 2023.

The gross NPA ratio reduced to 1.96% as on 31 December 2024 as compared to 2.30% as on 31 December 2023. The net NPA ratio declined to 0.42% as on 31 December 2024 as against 0.44% as on 31 December 2023.

The provisioning coverage ratio (PCR) on non-performing loans was 78.2% at 31 December 2024.

The bank's total capital adequacy ratio at 31 December 2024 was 16.60% and CET-1 ratio was 15.93% compared to the minimum regulatory requirements of 11.70% and 8.20%, respectively.

The bank's fee income grew by 16.3% YoY to Rs 6,180 crore in Q3 of FY25 from Rs 5,313 crore in Q3 of FY24. Fees from retail, rural, business banking and SME customers constituted about 78% of total fees in Q3 FY25.

On consolidated basis, the bank's net profit grew 16.56% to Rs 12,883.37 crore on 25.47% jump in total income to Rs 74,626.56 crore in Q3 FY25 over Q3 FY24.

ICICI Bank is a leading private sector bank in India. The bank has a network of 6,742 branches and 16,277 ATMs & cash recycling machines at 31 December 2024.

The scrip ended 0.58% higher at Rs 1,209.45 on Friday, 24 January 2025.

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