ICICI Bank Earnings Summary — Q2 FY2027
ICICI Bank Delivers 20.1% YoY PAT Growth in Q2 FY2027 with Net NPA Improving to 0.30%
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 5 consecutive quarters.
- Revenue of ₹55,992 Cr is 16.2% higher year-on-year.
- Revenue has compounded at 10.7% 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 ₹16,333 Cr is 22.3% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 16.0% annualised across the period.
- Operating margin stands at 29.6% in Q2 FY2027.
- Operating margin expanded by 243 bps year-on-year.
- Over the last two years operating margin has contracted by 80 bps.
- PBT margin is 41.3%.
- Expense growth of 12.3% remained below revenue growth of 16.2%.
- Operating profit of ₹16,602 Cr is 26.6% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 78/100 (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 Q2 FY2027 | Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 55,992 | 52,241 | 49,594 | 48,364 | 48,181 | 49,080 | 48,387 | 47,037 | 46,326 | 44,582 |
| Expenses | Improving | 39,390 | 35,318 | 41,823 | 37,154 | 35,065 | 31,991 | 37,588 | 33,510 | 32,221 | 29,387 |
| Operating Profit | Volatile | 16,602 | 16,922 | 7,771 | 11,210 | 13,116 | 17,088 | 10,799 | 13,527 | 14,105 | 15,195 |
| Operating Margin | Accelerating | 29.6% | 32.4% | 15.7% | 23.2% | 27.2% | 34.8% | 22.3% | 28.8% | 30.4% | 34.1% |
| Other Income | Improving | 32,169 | 27,448 | 35,020 | 28,418 | 27,966 | 25,496 | 31,361 | 27,589 | 26,617 | 22,688 |
| Interest | Stable | 25,656 | 23,064 | 22,047 | 21,874 | 22,017 | 23,090 | 23,047 | 22,633 | 22,225 | 21,122 |
| Depreciation | Insufficient data | — | — | — | — | — | — | — | — | — | — |
| Profit Before Tax | Improving | 23,115 | 21,307 | 20,744 | 17,754 | 19,065 | 19,494 | 19,113 | 18,483 | 18,496 | 16,761 |
| Tax | Improving | 5,803 | 5,097 | 5,132 | 4,343 | 4,808 | 5,101 | 4,789 | 4,654 | 4,636 | 4,355 |
| Net Profit | Improving | 16,333 | 15,440 | 14,755 | 12,538 | 13,357 | 13,558 | 13,502 | 12,883 | 12,948 | 11,696 |
| Net Margin | Stable | 29.2% | 29.6% | 29.8% | 25.9% | 27.7% | 27.6% | 27.9% | 27.4% | 27.9% | 26.2% |
Key Takeaways
- Standalone net profit grew 20.1% YoY to ₹14,843.03 crore, driven by a 17.6% YoY growth in interest earned to ₹49,110.00 crore.
- Asset quality strengthened further with Gross NPA ratio improving to 1.20% (vs 1.38% in Q1 FY2027 and 1.58% in Q2 FY2026) and Net NPA ratio declining to 0.30% (vs 0.35% in Q1 FY2027).
- Operating profit before provisions expanded 18.9% YoY to ₹20,575.23 crore, while credit provisions fell 6.9% YoY to ₹850.69 crore.
- Consolidated PAT reached ₹16,333.18 crore, up 22.3% YoY, supported by solid subsidiary performance across insurance and wholesale banking.
- Capital adequacy remained strong with total CRAR (Basel III) at 16.68%, comfortably above regulatory requirements.
- The Bank continues to maintain a substantial prudential contingency provision buffer of ₹13,100.00 crore as of September 30, 2026.
Management Guidance
Management maintains a disciplined underwriting approach prioritizing Risk-Adjusted Return on Capital (RAROC) over aggressive market share expansion, with ongoing investments in digital platforms and retail customer franchise expansion.
Sentiment Shift
Stable
Earnings performance remains consistently strong with compounding earnings growth, continuous NPA reduction, and robust provision coverage buffers.
Outlook
The outlook remains healthy backed by steady credit expansion across retail and wholesale books, stable asset quality indicators, and deep capital buffers.
From the Annual Report (Key Quotes)
“Operating profit before provisions and contingencies increased to ₹20,575.23 crore for Q2-2027 compared to ₹17,297.96 crore for Q2-2026.”
“At September 30, 2026, the percentage of gross non-performing customer assets to gross customer assets was 1.20% and net non-performing customer assets to net customer assets was 0.30%.”
“At September 30, 2026, the Bank holds contingency provision of ₹13,100.00 crore.”
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.
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