ICICI Bank investors and traders can look forward to strong volume and performance on Monday as the private banking major reported strong quarterly results. ICICI Bank stock closed one percent higher on Friday. On Monday, we can witness ICICI Bank close to its 52-week highs.

ICICI Bank reported robust financial performance for the December quarter, with a 15% rise in standalone net profit to Rs. 11,792 crore, driven by growth in core income. The second-largest private sector lender saw total income climb to Rs. 48,368 crore, supported by higher interest income and improved asset quality. Gross non-performing assets (NPAs) improved significantly, while net NPAs dropped to 0.42%, underscoring better asset management. The bank’s consolidated profit after tax grew by 16.6% to Rs. 12,883 crore, and its capital adequacy ratio increased to 14.71%. ICICI Bank remains committed to investments in technology and digital channels to enhance customer experience.

Robust Growth in Net Profit and Income

Strong Financial Performance

ICICI Bank reported a 15% year-on-year rise in standalone net profit, reaching Rs. 11,792 crore in Q3 FY25, compared to Rs. 10,272 crore in the same period last year.
Total income increased by 13% to Rs. 48,368 crore, up from Rs. 42,792 crore a year ago, reflecting growth in core banking operations.
Higher Interest Income

Interest income for the quarter stood at Rs. 41,300 crore, marking a 12.6% increase from Rs. 36,695 crore in Q3 FY24.
Net Interest Income (NII) grew by 9.1% year-on-year, reaching Rs. 20,371 crore, compared to Rs. 18,678 crore in the previous year.

Improved Core Operating Profit and Asset Quality

Strong Operating Metrics

Core operating profit grew by 13.1%, reaching Rs. 16,516 crore, compared to Rs. 14,601 crore in the same quarter of the previous year.
Asset Quality Improves

The gross NPA ratio improved to 1.96% from 2.3% a year ago, reflecting effective risk management.
Similarly, net NPAs declined to 0.42%, compared to 0.44% in Q3 FY24.
The provision coverage ratio on non-performing loans stood at 78.2% as of December 31, 2024.

Increase in Provisions and Capital Adequacy

Provisions Rise Modestly

Total provisions (excluding tax) increased to Rs. 1,227 crore, up from Rs. 1,049 crore in the same period last year.
Capital Adequacy Ratio Strengthens

The bank’s capital adequacy ratio rose to 14.71%, up from 14.61% at the end of Q3 FY24, indicating a strong capital position.

Performance Highlights in Consolidated Results

Consolidated Profit and Income Surge

Consolidated profit after tax rose by 16.6% to Rs. 12,883 crore, compared to Rs. 11,053 crore a year ago.
Total consolidated income climbed to Rs. 74,627 crore, up from Rs. 59,480 crore in Q3 FY24.

Trends in Recoveries and Upgrades

Steady Improvements in NPA Recovery

The bank recovered and upgraded NPAs worth Rs. 3,392 crore in Q3 FY25, compared to Rs. 3,292 crore in Q1 and Rs. 3,319 crore in Q2.
Despite seasonal challenges, particularly in the Kisan Credit Card portfolio, the bank’s recovery efforts remain strong.

Technology and Digital Investment Plans

Focus on Enhancing Customer Experience

ICICI Bank is committed to investing in computing infrastructure and digital channels to further strengthen system resilience.
Executive Director Sandeep Batra emphasized the bank’s goal of simplifying processes and improving the overall customer experience.