ICICI Bank on Saturday reported a 14.6 per cent year-on-year jump in the first quarter of FY25 at Rs 11.059.11 crore. In the last financial year, ICICI Bank had reported a net profit of Rs 9,648.20 crore in the same period, according to filing on the BSE.
Net interest income (NII) increased by 7.3% year-on-year to Rs 19,553 crore in Q1-2025 from Rs 18,227 crore in Q1 2024.
The net interest margin was 4.36% in Q1-2025 compared to 4.40% in Q4-2024 and 4.78% in Q1-2024.
The net domestic advances grew by 15.9% year-on-year and 3.3% sequentially at June 30, 2024. The business banking portfolio grew by 35.6% year-on-year and 8.9% sequentially on June 30, 2024.
Total period-end deposits increased by 15.1% year-on-year and 0.9% sequentially to Rs 14,26,150 crore on June 30, 2024. Period-end term deposits increased by 19.9% year-on-year and 3.1% sequentially to Rs 8,42,479 crore at June 30, 2024.
With the addition of 64 branches during Q1-2025, the Bank had a network of 6,587 branches and 17,102 ATMs and cash recycling machines at June 30, 2024.
Asset quality
The net NPA ratio was 0.43% at June 30, 2024 compared to 0.42% at March 31, 2024. The gross NPA additions were Rs 5,916 crore in Q1-2025 compared to Rs 5,139 crore in Q4-2024.
The consolidated profit after tax increased by 10.0% year-on-year to Rs 11,696 crore in Q1-2025 from Rs 10,636 crore in Q1-2024.
Consolidated assets grew by 18.0% year-on-year to Rs 24,07,395 crore at June 30, 2024 from Rs 20,39,897 crore at June 30, 2023.