ICICI Bank Share Price Live Updates: ICICI Bank's Recent Returns
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News18
an hour ago
- News18
ICICI Bank Q1 net profit jumps 15.9 pc; sees margin contraction ahead
Mumbai, Jul 19 (PTI) ICICI Bank on Saturday posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the quarter, up 15.5 per cent from Rs 11,059 crore a year ago. Its core net interest income increased 10.6 per cent to Rs 21,635 crore on the back of a 12 per cent domestic loan growth, but was restricted by a narrowing of the net interest margin to 4.34 per cent from 4.41 per cent in the quarter-ago period. The bank's executive director Sandeep Batra pointed to some more pain in the offing on the NIMs front, especially with the RBI's rate cut cycle still on. 'We do expect the NIMs to sort of compress a little more in the next quarter," he told reporters, adding that the future trajectory will be decided by the RBI's actions and the overall liquidity in the system. The other income, excluding treasury operations, recorded a 13.7 per cent jump to Rs 7,264 crore. From an asset growth perspective, the bank slowed down growth in the riskier credit card and personal loans segment to over 1 per cent each after multiple quarters of maintaining it at over 20 per cent. Batra said there is no specific reason for the slowdown, but pointed out that the number is influenced by the demand factor as well. When asked about the slower growth in retail assets, he said the bank does recalibrations to its credit norms and added that there is an overall slowdown in the market as well. The corporate loans grew more slowly than expected because of competitive pricing options available to borrowers. From an asset quality perspective, the fresh slippages came at a slightly higher level of Rs 6,245 crore, but the bank management made it clear that it is comfortable with the quality of the portfolio. The overall provisions, excluding the ones for taxes, stood at Rs 1,815 crore compared to Rs 1,332 crore in the year-ago period, the bank said. The gross non-performing assets ratio improved to 1.67 per cent as of June 30 from 2.15 per cent in the year-ago period. Batra said the bank expects the economy to fare better in the second half of the fiscal year, and the banking system will be a beneficiary of this as credit demand increases. The overall deposit growth came at 12.8 per cent for the reporting quarter, the bank said, adding that it added 83 branches to take its overall network to 7,066 branches as of June 30. ICICI Bank's overall capital adequacy stood at 16.97 per cent, with the core buffer level at over 16 per cent. Batra said the bank does not foresee any immediate need for a capital raising exercise. Among its subsidiaries, the life insurance arm delivered a PAT increase to Rs 302 crore in Q1 against Rs 225 crore in the year-ago period, the general insurance arm's PAT jumped by nearly 29 per cent to Rs 747 crore, while ICICI Securities' net profit declined to Rs 391 crore from Rs 527 crore. PTI AA BAL BAL view comments First Published: July 19, 2025, 19:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Indian Express
2 hours ago
- Indian Express
Corporate earnings today (July 19): HDFC Bank, Reliance Power, ICICI Bank among 11 companies that announced Q1FY26 results
Corporate earnings on July 19: Several companies including HDFC Bank, ICICI Bank, Reliance Power, Punjab & Sind Bank, and Central Bank of India have announced their financial results for the quarter ended June 30, 2025. A look at the 11 companies that declared their Q1FY26 results today, July 19 – ICICI Bank reported a 15.9 per cent jump in its consolidated net profit to Rs 13,558 crore in the June quarter this fiscal. The lender had reported a net profit of Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the reporting quarter, up 15.5 per cent from Rs 11,059 crore in the year-ago period. HDFC Bank posted a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter. The lender had reported a net profit of Rs 16,475 crore in the year-ago period. On a standalone basis, the country's largest private sector lender reported a net profit of Rs 18,155 crore for the reporting quarter, up from Rs 16,174 crore a year ago. JK Cement Ltd reported a 75.4 per cent increase in its consolidated net profit to Rs 324.25 crore for the June quarter of 2025-26 compared to Rs 184.82 crore in the April-June period a year ago. Its revenue from operations rose by 19.4 per cent to Rs 3,352.53 crore in the June quarter compared to Rs 2,807.57 crore in the corresponding period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Total expenses were at Rs 2,919.83 crore, up 13.2 per cent in the June quarter. Punjab & Sind Bank reported a 48 per cent jump in net profit to Rs 269 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 182 crore in the same quarter of the previous fiscal year. The total income rose to Rs 3,379 crore during the June 2025 quarter from Rs 2,846 crore in the same quarter of FY25, Punjab & Sind Bank said in a regulatory filing. India Cements Ltd (ICL), now part of the Aditya Birla Group, reported a consolidated net loss of Rs 132.90 crore for the first quarter ended June 2025. It had reported a net profit of Rs 58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at Rs 1,024.74 crore in the June quarter of FY26. This was Rs 1,026.76 crore in the corresponding quarter of the last fiscal. AU Small Finance Bank posted a 16 per cent growth in net profit to Rs 581 crore during the first quarter of this financial year. The Jaipur-based bank had earned a net profit of Rs 503 crore in the same quarter of the previous fiscal year. The total income rose to Rs 5,189 crore during the June 2025 quarter from Rs 4,278 crore in the same period of FY25, AU Small Finance Bank said in a regulatory filing. Reliance Power reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 2025-26, as the company trimmed its expenses. It had posted a loss of Rs 97.85 crore in the first quarter of the preceding 2024-25 fiscal, the company said in an exchange filing. The company's total income was Rs 2,025.31 crore against Rs 2,069.18 crore in the year-ago quarter. RBL Bank posted a 46 per cent drop in its June 2025 quarter net profit to Rs 200 crore as it faced challenges on the core income front. The lender had posted a net profit of Rs 372 crore in the year-ago period, while the same figure had stood at Rs 69 crore in the preceding March quarter. Its core net interest income degrew 13 per cent to Rs 1,481 crore, impacted by an over 1.15 per cent drop in the net interest margin to 4.5 per cent against 5.67 per cent a year ago despite a 9 per cent loan growth. State-owned Union Bank of India reported a 12 per cent rise in net profit to Rs 4,116 crore during the first quarter of this financial year. The Mumbai-based lender had earned a net profit of Rs 3,679 crore in the same quarter of the previous fiscal year. The total income rose to Rs 31,791 crore during the June 2025 quarter from Rs 30,874 crore in the year-ago period, Union Bank of India said in a regulatory filing. Central Bank of India posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The Mumbai-based bank had earned a net profit of Rs 880 crore in the same quarter of the previous fiscal year. The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of India said in a regulatory filing. Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, has reported a standalone profit for the April-June 2025 quarter at Rs 8.71 crore. The city-based company had earned a net profit of Rs 3.64 crore during the corresponding quarter of last financial year.
Business Standard
3 hours ago
- Business Standard
ICICI Bank consolidated net profit rises 15.92% in the June 2025 quarter
Total Operating Income rise 10.09% to Rs 49079.96 croreNet profit of ICICI Bank rose 15.92% to Rs 13557.60 crore in the quarter ended June 2025 as against Rs 11695.84 crore during the previous quarter ended June 2024. Total Operating Income rose 10.09% to Rs 49079.96 crore in the quarter ended June 2025 as against Rs 44581.65 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% Operating Income49079.9644581.65 10 OPM %34.8234.08 -PBDT19494.4816761.39 16 PBT19494.4816761.39 16 NP13557.6011695.84 16 Powered by Capital Market - Live News
