ICICI Financial institution Q1 Outcomes: ICICI Financial institution reported a 15.5 per cent year-on-year progress in standalone web revenue at Rs 12,768 crore for Q1 FY26. Internet curiosity earnings rose 10.6 per cent to Rs 21,635 crore.
Core working revenue elevated 13.6 per cent to Rs 17,505 crore, whereas revenue earlier than tax (excluding treasury) got here in at Rs 15,690 crore, up 11.4 per cent from a yr in the past. Nevertheless, the web curiosity margin (NIM) narrowed barely to 4.34 per cent from 4.36 per cent in Q1 FY25, the financial institution reported in an change submitting.
Enterprise loans energy credit score progress, rural lending dips
In accordance with the submitting, the financial institution’s total mortgage ebook remained wholesome, with home advances rising 12 per cent year-on-year to Rs 13.3 lakh crore. Apparently, enterprise banking was the star performer, logging a pointy 29.7 per cent progress. Retail loans, which account for over half of the mortgage combine, rose 6.9 per cent, whereas rural lending noticed a marginal decline of 0.4 per cent.
The entire advances, together with worldwide operations, grew 11.5 per cent year-on-year to Rs 13.64 lakh crore. Whereas the home company mortgage ebook was up 7.5 per cent yearly, it confirmed a sequential decline, hinting at some softness in large-ticket demand.
Additionally Learn:ICICI Financial institution Q1FY26 Preview: Revenue more likely to develop 8.5% to Rs 12,000 crore, NII might rise 7%
Asset high quality improves, provisions inch up
ICICI Financial institution maintained sturdy management over asset high quality. Gross NPAs got here all the way down to 1.67 per cent from 2.15 per cent a yr in the past, whereas web NPAs improved barely to 0.41 per cent. The financial institution has saved its provisioning protection ratio at a stable 75.3 per cent.
Provisions (excluding tax) elevated to Rs 1,815 crore in Q1 FY26 from Rs 1,332 crore final yr, partly as a result of a base impact as the identical quarter final yr had seen a one-time Rs 389 crore launch linked to Various Funding Funds.
Deposit progress snapshot
Deposits continued to develop at a wholesome tempo. Interval-end deposits rose 12.8 per cent to Rs 16.08 lakh crore, whereas common deposits grew 11.2 per cent. The CASA ratio, a key metric indicating low-cost deposits, stood at 38.7 per cent.
On the strategic entrance, the financial institution’s board permitted buying 100 per cent stake in ICICI Prudential Pension Funds Administration (ICICI PFM) from ICICI Prudential Life, making it a completely owned subsidiary, topic to regulatory approvals from the RBI and PFRDA.
“Acquisition of 100 per cent shareholding in ICICI Prudential Pension Funds Administration Firm Restricted (ICICI PFM) from ICICI Prudential Life Insurance coverage Firm Restricted (ICICI Life) to make ICICI PFM a completely owned subsidiary of the Financial institution, topic to RBI, PFRDA and different crucial approvals,” mentioned ICICI Financial institution in a regulatory submitting.
Additionally Learn:HDFC Financial institution Q1 FY26 Outcomes: PAT beats forecasts at Rs 18,155 crore; first-ever bonus, Rs 5 dividend, different key takeaways
Subsidiary earnings replace
On a consolidated foundation, ICICI Financial institution posted a 15.9 per cent rise in web revenue to Rs 13,558 crore. Complete consolidated belongings stood at Rs 26.68 lakh crore, up almost 11 per cent year-on-year.
Amongst subsidiaries, ICICI Lombard Normal Insurance coverage posted a 28.7 per cent leap in web revenue to Rs 747 crore. ICICI Prudential AMC additionally had a stable quarter, posting Rs 782 crore in revenue. ICICI Life noticed a slight dip in premium progress, however its worth of recent enterprise (VNB) margin improved to 24.5 per cent. ICICI Securities, nonetheless, reported a drop in revenue to Rs 391 crore.
Capital adequacy remained sturdy, with the general ratio at 16.97 per cent and the CET1 ratio at 16.31 per cent, properly above regulatory norms.