ICICI Bank Earnings Summary — Q1 FY2027
ICICI Bank Reports 15.9% YoY Profit Growth for Q1 FY2027 Supported by Reduced Provisions and Robust Retail Performance
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 4 consecutive quarters.
- Revenue of ₹52,241 Cr is 6.4% higher year-on-year.
- Revenue has compounded at 9.5% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹15,440 Cr is 13.9% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 13.2% annualised across the period.
- Operating margin stands at 32.4% in Q1 FY2027.
- Operating margin compressed by 243 bps year-on-year.
- Over the last two years operating margin has contracted by 169 bps.
- PBT margin is 40.8%.
- Expenses grew 10.4% against revenue growth of 6.4%.
- Operating profit of ₹16,922 Cr is 1.0% lower year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 71/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 52,241 | 49,594 | 48,364 | 48,181 | 49,080 | 48,387 | 47,037 | 46,326 | 44,582 | 42,607 |
| Expenses | Stable | 35,318 | 41,823 | 37,154 | 35,065 | 31,991 | 37,588 | 33,510 | 32,221 | 29,387 | 30,604 |
| Operating Profit | Volatile | 16,922 | 7,771 | 11,210 | 13,116 | 17,088 | 10,799 | 13,527 | 14,105 | 15,195 | 12,002 |
| Operating Margin | Accelerating | 32.4% | 15.7% | 23.2% | 27.2% | 34.8% | 22.3% | 28.8% | 30.4% | 34.1% | 28.2% |
| Other Income | Stable | 27,448 | 35,020 | 28,418 | 27,966 | 25,496 | 31,361 | 27,589 | 26,617 | 22,688 | 24,575 |
| Interest | Stable | 23,064 | 22,047 | 21,874 | 22,017 | 23,090 | 23,047 | 22,633 | 22,225 | 21,122 | 20,424 |
| Depreciation | Insufficient data | — | — | — | — | — | — | — | — | — | — |
| Profit Before Tax | Improving | 21,307 | 20,744 | 17,754 | 19,065 | 19,494 | 19,113 | 18,483 | 18,496 | 16,761 | 16,154 |
| Tax | Stable | 5,097 | 5,132 | 4,343 | 4,808 | 5,101 | 4,789 | 4,654 | 4,636 | 4,355 | 4,181 |
| Net Profit | Improving | 15,440 | 14,755 | 12,538 | 13,357 | 13,558 | 13,502 | 12,883 | 12,948 | 11,696 | 11,672 |
| Net Margin | Stable | 29.6% | 29.8% | 25.9% | 27.7% | 27.6% | 27.9% | 27.4% | 27.9% | 26.2% | 27.4% |
Key Takeaways
- Standalone Net Profit increased 15.9% year-on-year to ₹14,804 crore for the quarter ended June 30, 2026.
- Asset quality remains industry-leading with Net NPA ratio at 0.35% compared to 0.41% in the same quarter last year.
- The Bank's Capital Adequacy Ratio (Basel III) stood strong at 16.84% with a Tier-1 ratio of 15.82%.
- Operating Profit before provisions grew to ₹20,386 crore, reflecting sustained momentum in core banking operations.
- Provisions (other than tax) and contingencies saw a significant decline of 30.5% year-on-year to ₹1,260 crore.
- The Bank is undertaking a revised borrowing limit of up to USD 2.50 billion in overseas markets via bonds and notes.
- Total domestic advances grew while the bank maintained a cautious stance on agricultural priority sector lending compliance.
Management Guidance
Management continues to focus on a 'Return on Equity' strategy rather than aggressive market share growth. The bank is currently reviewing agricultural priority sector credit facilities worth ₹1,283 crore following RBI supervisory observations to ensure full regulatory compliance.
Sentiment Shift
Stable
The bank maintains its trajectory of double-digit profit growth and superior asset quality, despite a high base and competitive environment for deposits.
Outlook
ICICI Bank is well-positioned for continued growth driven by its retail-heavy portfolio and digital distribution capabilities. The board has approved the appointment of an Additional Independent Director and revised its overseas borrowing limits to support capital needs.
From the Annual Report (Key Quotes)
“Operating profit before provisions and contingencies was ₹20,386.07 crore for Q1-2027.”
“Net non-performing customer assets to net customer assets stood at 0.35%.”
“Board approved borrowing by way of issuances of bonds/notes/offshore Certificate of Deposits for a revised limit of up to USD 2.50 billion.”
Official Quarterly Documents
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This summary is AI-generated from ICICI Bank's latest quarterly filing and earnings call. For informational purposes only — not investment advice.