ICICI Bank (ICICIBANK) Q3 24/25 earnings summary

Executive summary

• Profit after tax rose 14.8% year-over-year to ₹117.92 bn in Q3-2025, with core operating profit up 13.1% year-over-year to ₹165.16 bn, and profit before tax (excluding treasury) up 12.8% year-over-year to ₹152.89 bn.

• Consolidated net profit for Q3-2025 reached ₹12,883.37 crore, compared to ₹11,052.60 crore in Q3-2024.

• Average deposits increased 13.7% year-over-year, and domestic loans grew 15.1% year-over-year, with retail loans up 10.5% and business banking portfolio up 31.9%.

• Strategic focus remains on risk-calibrated profitable growth, customer-centricity, and operational resilience.

• Board approved the results on January 25, 2025; auditors issued an unmodified review.

Financial highlights

• Net interest income for Q3-2025 was ₹203.71 bn, up 9.1% year-over-year; non-interest income rose 12.1% year-over-year to ₹66.97 bn.

• Core operating profit (excluding dividend income) grew 14.7% year-over-year.

• Operating expenses increased 5% year-on-year; employee expenses up 3.1%, non-employee up 6.2%.

• Provisions for Q3-2025 were ₹12.27 bn (0.37% of average advances).

• Treasury gains were ₹3.71 bn, higher than last year due to revised investment guidelines.

Outlook and guidance

• Management sees continued opportunities for risk-calibrated profitable growth across segments.

• Focus on technology, people, distribution, and brand investments to drive market share.

• Implementation of new RBI investment classification and valuation guidelines from April 1, 2024, impacts comparability of results.

• Emphasis on maintaining strong capital and prudent provisioning.

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