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Tue, 21 Jul 2026
06:48:41 pm
Tue, 21 Jul 2026
06:48:41 pm
Synopsis
ICICI Bank Q1 FY27 results: Net profit rises 15.9% YoY to ₹14,805 crore, NII grows 12.7%, advances increase 19.6%, deposits rise 14%, while NPAs improve. Check complete financial performance, brokerage views and key highlights.
ICICI Bank reported a strong set of Q1 FY27 results, with standalone net profit rising 15.9% year-on-year to ₹14,805 crore, supported by healthy loan growth, higher net interest income (NII) and continued improvement in asset quality. The private lender also maintained one of the highest net interest margins among large private banks despite industry-wide pressure on margins.
The quarterly performance was driven by robust credit growth across retail and corporate segments, improving deposits and stable profitability. Following the results, leading brokerages including Nomura and Bernstein retained positive views on the stock, citing strong execution, healthy balance sheet growth and resilient earnings.
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For the quarter ended June 30, 2026, ICICI Bank reported net interest income (NII) of ₹24,384 crore, up 12.7% from ₹21,635 crore in the corresponding quarter last year. Standalone net profit increased to ₹14,805 crore, while non-interest income rose 16% to ₹8,425 crore.
The bank also reported operating profit before provisions of ₹20,386 crore, reflecting continued improvement in operating performance.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Net Profit | ₹14,805 crore | ₹12,768 crore | +15.9% |
| Net Interest Income (NII) | ₹24,384 crore | ₹21,635 crore | +12.7% |
| Non-Interest Income | ₹8,425 crore | ₹7,264 crore | +16.0% |
| Operating Profit | ₹20,386 crore | ₹18,746 crore | +8.8% |
| Operating Expenses | ₹12,574 crore | ₹11,394 crore | +10.4% |
ICICI Bank continued to deliver healthy business growth during the June quarter. Total advances increased 19.6% year-on-year to ₹16.31 lakh crore, while total deposits rose 14% to ₹18.34 lakh crore.
The retail loan portfolio accounted for 49.2% of total advances, reflecting the bank's continued focus on retail lending alongside balanced corporate credit growth.
| Particular | Q1 FY27 | Growth |
|---|---|---|
| Total Advances | ₹16.31 lakh crore | +19.6% YoY |
| Total Deposits | ₹18.34 lakh crore | +14.0% YoY |
| Retail Loan Share | 49.2% | - |
| Net Interest Margin (NIM) | 4.36% | Stable |
The bank's asset quality remained among the strongest in the sector. Gross NPA improved to 1.38%, while Net NPA declined further to 0.35%, reflecting healthy recoveries and disciplined underwriting.
ICICI Bank also maintained a strong capital position with a Capital Adequacy Ratio (CAR) of 16.84%, including a CET-1 ratio of 16.19%.
| Metric | Q1 FY27 |
|---|---|
| Gross NPA | 1.38% |
| Net NPA | 0.35% |
| Capital Adequacy Ratio | 16.84% |
| CET-1 Ratio | 16.19% |
The strong earnings prompted positive commentary from brokerages.
Nomura maintained a Buy rating with a target price of ₹1,700, highlighting sector leading loan growth, stable margins and a 6% earnings beat. The brokerage also increased its FY27 and FY28 earnings estimates by around 5%.
Bernstein retained its Market Perform rating with a target price of ₹1,550, noting that ICICI Bank delivered one of the strongest quarters among large private sector banks with industry-leading profitability and improving deposits.
| Brokerage | Rating | Target Price | Key View |
|---|---|---|---|
| Nomura | Buy | ₹1,700 | Strong loan growth, earnings beat, higher EPS estimates |
| Bernstein | Market Perform | ₹1,550 | Strong profitability, healthy margins and deposit growth |
On a consolidated basis, net profit increased to ₹15,440 crore, while total assets grew 12.5% year-on-year to ₹30.02 lakh crore. Group companies, including ICICI Prudential Life Insurance and ICICI Lombard General Insurance, continued to contribute to overall profitability.
The Board approved the appointment of Mrugank Paranjape as an Additional Independent Director, subject to shareholder approval. It also approved overseas borrowing of up to USD 2.5 billion through bonds, notes and certificates to diversify the bank's funding sources.
| Period | Return |
|---|---|
| 1 Day | +0.20% |
| 5 Days | +3.80% |
| 1 Month | +8.19% |
| 6 Months | +6.35% |
| 1 Year | -0.18% |
| 5 Years | +127.93% |
ICICI Bank reported a standalone net profit of ₹14,805 crore, up 15.9% year-on-year.
The bank's net interest income (NII) increased 12.7% to ₹24,384 crore during Q1 FY27.
Asset quality improved with the Gross NPA ratio at 1.38% and Net NPA ratio at 0.35%, both lower than the previous year.
Nomura maintained a Buy rating with a ₹1,700 target, while Bernstein retained a Market Perform rating with a ₹1,550 target.
Total advances grew 19.6% to ₹16.31 lakh crore, while deposits increased 14% to ₹18.34 lakh crore during Q1 FY27.
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