ICICI Bank Q1 FY26 Earnings Call Transcript: Edited Version

ICICI Bank reported Q1 FY26 earnings, with details to be discussed during the conference call. The call is being recorded, and participants will be in listen-only mode until questions are allowed. The presentation will be led by Sandeep Bakshi, managing director and CEO of ICICI Bank.

ICICI Bank, India’s second-largest private lender, reported its Q1 FY26 earnings on July 19, 2025, with the results showing a significant increase in net profit and stable asset quality. The bank's standalone net profit rose by 15.5% year-over-year (YoY) to Rs 12,768.21 crore, compared to Rs 11,059.11 crore in the corresponding quarter of last year [1].

The bank's net interest income (NII) also saw a robust increase of 10.6% YoY, reaching Rs 21,635 crore. This growth was driven by higher income and stable asset quality. The net interest margin (NIM) stood at 4.34% in the quarter ended June 2025, down from 4.41% in the preceding March quarter [1].

ICICI Bank's core operating profit grew by 13.6% YoY to Rs 17,505 crore, up from Rs 15,412 crore in Q1 FY25. The lender's provisions (excluding tax) rose to Rs 1,815 crore in the first quarter of FY26 from Rs 1,332 crore in the year-ago period. Treasury gains stood at Rs 1,241 crore in the June quarter, up from Rs 613 crore in Q1 FY25 [1].

The bank's average deposits grew by 11.2% YoY to Rs 15,33,241 crore in the June 2025 quarter. The average current account and savings account (CASA) ratio stood at 38.7% during the quarter. The bank's domestic loan portfolio expanded by 12% YoY to Rs 13,31,196 crore as of June 30, 2025. The gross non-performing asset (NPA) ratio improved to 1.67% as of June 30, 2025, from 2.15% a year earlier. The net NPA ratio stood at 0.41%, slightly lower than 0.43% in the same period last year [1].

The lender's total capital adequacy ratio stood at 16.97%, while the Common Equity Tier-1 (CET1) ratio was 16.31% on a standalone basis, as of June 30, 2025. These levels are comfortably above the minimum regulatory requirements of 11.70% and 8.20%, respectively. The bank's net domestic advances grew by 12% YoY and 1.5% sequentially as of June 30, 2025. The retail loan portfolio expanded by 6.9% YoY and 0.5% sequentially, comprising 52.2% of the total loan portfolio at the end of the quarter [1].

ICICI Bank also announced its plans to acquire a full stake in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) for Rs 203.5 crore, subject to necessary approvals from the Reserve Bank of India (RBI), Pension Fund Regulatory and Development Authority (PFRDA), and other regulators. The transaction is expected to be completed within a year [2].

The earnings call, led by Sandeep Bakshi, managing director and CEO of ICICI Bank, provided further insights into the bank's performance and future prospects. The presentation is being recorded, and participants are in listen-only mode until questions are allowed.

References:
[1] https://m.economictimes.com/markets/stocks/earnings/icici-bank-q1-results-net-profit-rises-15-5-yoy-rs-12768-crore-nii-up-11/articleshow/122780833.cms
[2] https://www.financialexpress.com/business/banking-finance-icici-bank-q1-net-up-15-5-at-rs-12768-crore-3920468/