ICICI Bank Beats Street in Q1 – Net Profit Up 15% YoY

ICICI Bank

kicked off FY26 on a strong note, posting a 15% YoY jump in net profit to Rs 12,768 crore, beating analyst estimates. The private banking major also reported an 8.4% rise in Net Interest Income (NII) to Rs 21,634 crore. The Street was expecting a profit of around Rs 12,112 crore and NII of Rs 21,091 crore — so ICICI clearly outperformed. Key Highlights: Total Income: Rs 51,451 crore vs Rs 45,998 crore YoY Core Operating Profit: Rs 17,505 crore (▲13.6% YoY) Other Income: Rs 8,505 crore (▲21.5% YoY) PAT: Rs 12,768 crore (▲15% YoY) Consolidated PAT: Rs 13,558 crore (▲15.9% YoY) Asset quality improved – Gross NPA fell to 1.67% (vs 2.15% YoY), and Net NPA stood at 0.41%. However, sequentially both remained flat. Deposits and Advances: Deposits rose 12.8% YoY to Rs 16.08 lakh crore Advances stood at Rs 13.64 lakh crore CASA ratio: 38.7% Capital adequacy ratio: 16.31% What’s interesting? The bank's board also approved a 100% acquisition of ICICI Prudential Pension Funds, a step towards building deeper product synergies under its ‘Customer 360’ strategy. On the consolidated front, the performance was equally strong — backed by subsidiaries like ICICI Prudential Life and ICICI Lombard General. Bottom Line: ICICI Bank has shown solid operational momentum with margin stability, healthy growth in core income, and improving asset quality. With this start to FY26, the bank remains one of the top private sector performers.