ICICI BANK LIMITED - Quarterly Result Update Q4'425

Net profit rises 18% to ₹12,630 crore, beats estimate; Rs 11 dividend declared. ICICI Bank has reported strong 18% growth in net profit at Rs 12629.58 crore for the quarter ended March 2025 (Q4FY2025). The bank has posted improved 11% growth in net interest income (NII), while the core fee income of the bank also jumped 16% in Q4FY2025. The Net Interest Margin (NIM) of the bank jumped on sequential basis to 4.41% in Q4FY2025 from 4.25% in Q3FY2025 and also rose from 4.40% in the corresponding quarter of previous year. On business front, the bank as has posted 14% growth in business with healthy 13% increase in loan book. The asset quality of the bank has continued to strengthen in Q4FY2025. Bank has reduced the credit to deposit ratio to 83.3% at end March 2025 from 83.8% at end March 2024. However, the CASA ratio of the bank has improved on sequential basis to 41.8% at end March 2025 from 40.5% end December 2024, while eased from 42.2% at end March 2024. The Board of directors of the Bank recommended a dividend of Rs. 11/- (Rupees Eleven only) per equity shares of face value of Rs. 2/- each, subject to requisite approvals. Asset quality improves: The bank has further improved asset quality in Q4FY2025. The fresh slippages of loans stood at Rs 5142 crore in Q4FY2025 compared with 6085 crore in previous quarter and Rs 5139 crore in the corresponding quarter last year. The recoveries and upgradations of NPAs was at Rs 3817 crore and the write-off of loans was at Rs 2118 crore in Q4FY2025. The standard restructured loan book of the bank declined to Rs 1313 crore end March 2025 compared to Rs 1416 crore a quarter ago. Provision coverage ratio eased to 76.20% at end March 2025 compared to 78.20% a quarter ago and 80.30% a year ago. The capital adequacy ratio of the bank stood at 16.6% with Tier I ratio at 15.9% at end March 2025. The risk weighted assets of the bank has increased 17% YoY to Rs 1611104 crore end March 2025.