ICICI Bank Q3 FY25 Results: PAT rises 15% to Rs 11,792 crore, meets Street estimates; asset quality stable

ICICI Bank Q3 Earnings: Mumbai-headquartered ICICI Bank on Saturday reported a 14.8 per cent year-on-year increase in its standalone net profit to Rs 11,792.4 crore for the quarter ended December 31, in line with analysts' expectations. Its net interest income (NII)—a key measure of income for financial institutions that determines the difference between the interest earned and the interest paid—grew 9.1 per cent while its asset quality remained largely stable. Read on to learn more about the private sector bank's latest earnings report.

According to Zee Business research, ICICI Bank was estimated to register a December-quarter net profit of Rs 11,446 crore with net interest income of Rs 20,634 crore.

ICICI Bank said its core operating profit went up 13.1 per cent to Rs 16,516 crore in the third quarter of the current financial year.

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ICICI Bank Q3 Earnings | Deposit and credit growth

ICICI Bank said its average deposits expanded 13.7 per cent to Rs 14,58,489 crore while its domestic loan portfolio grew 15.1 per cent to Rs 12,82,778 crore, as of December 31.

CASA Deposits

The lender's average current account and savings account (CASA) ratio improved to 39.0 per cent in the third quarter of the financial year from 38.9 per cent in the previous three months.

A higher CASA ratio indicates a lower cost of funds for financial institutions, which don't have to pay interest on current accounts.

ICICI Bank Asset Quality

The private bank's gross non-performing assets (NPAs)—or bad loans—came in at 1.96 per cent of total loans for the quarter ended December 31, as against 1.97 per cent for the previous three months and 2.30 per cent for the third quarter of 2023-24.

Its net NPAs remained at 0.42 per cent of total loans, the same level as in the September quarter, lower than 0.44 per cent in the year-ago period.

Zee Business analysts had pegged the gross NPAs at 2.0 per cent and net NPAs at 0.4 per cent.

ICICI Bank Share Price News

On Friday, ICICI Bank shares ended 0.6 per cent higher at Rs 1,209.5 apiece on BSE.

At this level, the stock has risen 20.2 per cent in the last one year, marking outperformance to the Nifty 50 and Nifty Bank indices, which have grown 8.2 per cent and 7.8 per cent respectively.

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