ICICI Bank (ICICIBANK) investor relations material

Executive summary

• Profit before tax (excluding treasury) rose 20.9% year-over-year to INR 189.75 billion in Q1 FY27, with core operating profit up 15.6% to INR 202.35 billion and profit after tax rising 15.9% to INR 148.05 billion.

• Consolidated profit after tax increased 13.9% year-over-year to INR 154.4 billion.

• Total advances grew 19.6% year-over-year to INR 1,631,260 crore, and deposits increased 14.0% to INR 1,833,586 crore.

• Net NPA ratio improved to 0.35% and capital adequacy ratio stood at 16.84%.

Financial highlights

• Net interest income rose 12.7% year-over-year to INR 243.84 billion; net interest margin was 4.36%.

• Non-interest income (excluding treasury) grew 16% year-over-year to INR 84.25 billion; fee income up 23.5% to INR 72.86 billion.

• Operating expenses increased 10.4% year-over-year to INR 125.74 billion.

• Provisions were INR 12.6 billion, down 30.5% year-over-year.

• Treasury gain of INR 1.51 billion this quarter versus a loss last quarter.

Outlook and guidance

• Management expects continued strong loan growth, supported by positive macro momentum and policy measures.

• Margins expected to remain range-bound, with some potential impact from FCNR deposit mobilization.

• Board approved borrowing via bonds/notes/offshore CDs up to USD 2.5 billion.

• Focus remains on risk-calibrated profitable growth and maintaining a strong balance sheet.

• Forward-looking statements highlight risks from regulatory changes, economic conditions, interest rates, and asset quality.