The Q4 results of ICICI Bank, the second-largest private-sector lender in India, reflect stable operational performance, supported by healthy loan growth and stable asset quality, even as margins face mild pressure due to rate transmission. Let us move ahead!
ICICI Q4 Overview
On 18 April 2026, the bank reported a net profit of ₹13,702 crore, up 8.5% year-on-year, from ₹12,630 crore in Q4 2025. The net interest income of the bank rose to ₹22,979 crore, reflecting a growth of 8.4% y-o-y, while net interest margins remained stable at approximately 4.32%.
The capital adequacy remained strong at over 17.18%, and asset quality continued to improve with low net NPAs.
Alongside the results, the bank also recommended a ₹12/share dividend for FY2026, subject to necessary approvals.
ICICI Q4 Financial Results
The ICICI Q4 FY26 financial results showcase a strong performance with a net profit jump, improved asset quality, and a significant dividend payout for its shareholders.
ICICI Revenue & Profit
| Particulars | Q4 2025 (in ₹ crore) | Q4 2026(in ₹ crore) | Change % |
| Net Profit | 11,317.86 | 13,701.68 | 21.06 |
| Net interest income | 21,193.00 | 22,979.00 | 8.43 |
| Revenue/Total income | 49,690.87 | 50,584.38 | 1.80 |
| Operating profit before tax | 17,664.25 | 18,199.11 | 3.03 |
ICICI EPS (Earnings Per Share)
The profitability and consistent growth in profit after tax (PAT) of the bank have strengthened its earnings per share (EPS) in Q4 FY26, rising to ₹19.15 from ₹17.87 in Q4 FY25.
ICICI Strong Capital Position
ICICI Bank maintains a strong capital base, with a Capital Adequacy Ratio of 17.18% and a CET-1 ratio of 16.35%.
These levels are above the regulatory requirements of 11.70% and 8.20%, respectively, which provides room for credit growth, a cushion against economic uncertainty, and flexibility for future expansion.
ICICI Asset Quality
ICICI Bank shows improvement in asset quality, with gross NPA declining to 1.40% as of 31 March 2026, from 1.53% in 31 December 2025 and 1.67% in 31 March 2025.
The net NPA of the bank stood at 0.33% as of Q4 2026, compared to 0.37% in Q3 2026 and 0.39% in Q4 FY25. The Gross NPA additions reduced to ₹4,242 crore, while net additions came in at ₹1,174 crore. Additionally, the provision coverage ratio on non-performing loans was at 75.8%, indicating adequate buffers against stressed assets.
ICICI Dividend Announcement
The ICICI Board has recommended a dividend of ₹12/equity share for FY26, equivalent to USD 0.25/ADS, in line with applicable regulatory guidelines. The dividend remains subject to shareholder and necessary regulatory approvals. The bank has stated that the record date and book closure details will be announced separately in due course.
Segment Performance
Across segments, the growth remained balanced, with retail continuing to anchor the loan book while corporate exposure stayed measured and risk-calibrated.
Here is a comparative segmental overview for Q4 FY2026 and Q4 FY2025:
| Particulars | Q4 2025 (in ₹ crore) | Q4 2026(in ₹ crore) | Change % |
| Segments revenue: | |||
| Retail banking | 40,617.66 | 40,608.58 | -0.02 |
| Wholesale Banking | 21,535.91 | 23,114.71 | 7.33 |
| Treasury | 34,778.14 | 34,341.12 | -1.26 |
| Other Banking | 1,046.40 | 1,341.01 | 28.15 |
| Total Segment Revenue | 97,978.11 | 99,405.42 | 1.46 |
| Segment results (Profit before tax): | |||
| Retail banking | 6,493.42 | 6,927.01 | 6.68 |
| Wholesale Banking | 5,551.79 | 7,037.05 | 26.75 |
| Treasury | 4,465.62 | 3,742.24 | -16.20 |
| Other Banking | 262.72 | 396.65 | 50.98 |
| Total Segment Results | 16,773.55 | 18,102.95 | 7.93 |
Further, subsidiary performance continued to support consolidated earnings, with the businesses contributing across insurance, asset management, and securities.
| Subsidiary | Q4-2025 (in ₹ crore) | Q4-2026(in ₹ crore) |
| ICICI Prudential Life Insurance | 386 | 609 |
| ICICI Lombard General Insurance | 510 | 547 |
| ICICI Prudential Asset Management | 692 | 763 |
| ICICI Securities (Consolidated) | 381 | 422 |
| ICICI Securities Primary Dealership | 115 | -13 |
| ICICI Home Finance | 241 | 249 |
| ICICI Venture | 15 | 28 |
| ICICI Bank UK (USD million) | 600 | 800 |
| ICICI Bank Canada (CAD million) | 1250 | 440 |
Market Reaction
The ICICI Q4 results were received positively by the market, with investor sentiment improving. Brokerages such as Jefferies and Bernstein maintained a constructive view, highlighting the bank’s consistent operating performance and balanced growth outlook.
Additionally, the absence of negative surprises and continued earnings visibility reinforced confidence, which led to a favourable reaction from both analysts and investors.
ICICI Stock Price Movement
After the announcement of the ICICI quarterly results on Friday, 18 April 2026, the share prices of the Bank increased by 2% to the day’s high of ₹1,369 on the BSE on Monday, 20 April 2026.
Check Current ICICI Share Price
Investment Implications
With stable earnings, improving asset quality, lower provisions, and positive brokerage commentary, the ICICI Q4 results indicate how investors may position themselves across different time horizons.
Long-Term Outlook
Analysts have maintained a ‘buy’ rating with a target price of ₹1,670, implying an upside of around 23% from current levels. The brokerage expects loan growth to strengthen to nearly 15% from FY27, supported by improving sector conditions and the bank’s calibrated growth approach.
On margins, analysts expect a marginal moderation in net interest margins, while fee income growth is projected to improve from FY27, aided by a favourable base. The long-term view is therefore anchored in sustained credit growth, stable asset quality, and diversified income streams, rather than short-term earnings fluctuations.
Short-Term Trading Opportunities
In the short term, the price action of the stock appears to be guided more by technical positioning than by further fundamental triggers. Following the Q4 results, the stock rose up to 2.15% intraday, opening at ₹1,364 and touching a high of ₹1,376, reflecting an immediate positive response.
The market commentary also indicates that the stock has already seen significant gains, with a base forming around ₹1,180, suggesting a phase of consolidation. The key levels observed in the near term include a support range of ₹1,275 to ₹1,250, while the trading range extends towards ₹1,450 to ₹1,480. These levels indicate that near-term movement may remain range-bound, influenced by technical factors and the overall market sentiment.
Final Thoughts
ICICI Q4 results reflect a stable and positive performance, supported by consistent profit growth, improving asset quality, and controlled credit costs.
While margins are anticipated to see marginal moderation, the overall earnings profile view is stable. Additionally, the combination of strong capital adequacy, disciplined lending, and diversified income streams positions the bank as a reliable performer, with both near-term stability and long-term growth visibility.
FAQs
ICICI Bank reported a net profit of ₹13,702 crore in Q4 FY26, compared to ₹12,630 crore in Q4 FY25. This reflects an 8.5% year-on-year increase, supported by steady growth in net interest income and lower provisions during the quarter.
ICICI Bank has recommended a dividend of ₹12 per equity share for FY26, equivalent to USD 0.25 per ADS. The dividend is subject to shareholder and regulatory approvals, and the record date will be announced separately.
The bank’s asset quality improved, with gross NPA declining to 1.40% and net NPA at 0.33% as of March 31, 2026. Lower NPA additions and a provision coverage ratio of 75.8% indicate strong credit risk management.
Following the announcement on 18 April 2026, ICICI Bank’s share price rose by around 2%, reaching a high of ₹1,369 on the BSE. The movement reflects a positive but measured market response to the results.
