ICICI Financial institution Q1 Outcomes: ICICI Financial institution reported a 15.5 per cent year-on-year progress in standalone internet revenue at Rs 12,768 crore for Q1 FY26. Web 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 alternate submitting.
Enterprise loans energy credit score progress, rural lending dips
In keeping with the submitting, the financial institution’s total mortgage e book remained wholesome, with home advances rising 12 per cent year-on-year to Rs 13.3 lakh crore. Curiously, 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 e book 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 could 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 internet NPAs improved barely to 0.41 per cent. The financial institution has saved its provisioning protection ratio at a strong 75.3 per cent.
Provisions (excluding tax) elevated to Rs 1,815 crore in Q1 FY26 from Rs 1,332 crore final yr, partly attributable to a base impact as the identical quarter final yr had seen a one-time Rs 389 crore launch linked to Different 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 authorised buying 100 per cent stake in ICICI Prudential Pension Funds Administration (ICICI PFM) from ICICI Prudential Life, making it an entirely owned subsidiary, topic to regulatory approvals from the RBI and PFRDA.
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 internet revenue to Rs 13,558 crore. Complete consolidated property stood at Rs 26.68 lakh crore, up practically 11 per cent year-on-year.
Amongst subsidiaries, ICICI Lombard Basic Insurance coverage posted a 28.7 per cent bounce in internet revenue to Rs 747 crore. ICICI Prudential AMC additionally had a strong 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, nevertheless, 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, nicely above regulatory norms. All in all, the financial institution appears to be like to be on a strong footing because it strikes forward into the remainder of the fiscal yr.
