ICICI Bank Q2 FY27 Results (NSE: ICICIBANK)
Signal: Earnings grew
The read
ICICI Bank sustained strong operating momentum in Q2FY27 with core standalone PAT up 20.1% YoY, supported by rapid balance sheet expansion (loans +30.0% YoY, deposits +27.1% YoY) and further gross NPA compression to a pristine 1.20%.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹88,161.18 Cr | 15.8% | 10.6% |
| EBIT | ₹24,009.97 Cr | 20.2% | |
| Net profit | ₹14,843.03 Cr | 20.1% | |
| EPS | ₹20.68 | 19.5% | |
| EBIT margin | 27.2% |
P&L walk
Consolidated total income grew 15.8% YoY to ₹88,161 Cr while pre-provision operating profit expanded 20.2% YoY to ₹24,010 Cr.
Segments
Wholesale Banking was the primary earnings driver with segment profit surging 37.4% YoY to ₹7,910.52 Cr, while Retail Banking profit expanded 22.1% YoY to ₹7,716.35 Cr; Treasury profit dipped 3.0% YoY to ₹4,015.60 Cr.
Key positives
- Gross NPA ratio improved 38bps YoY and 18bps QoQ to 1.20%, while Net NPA declined to 0.30%.
- Wholesale banking PBIT expanded 37.4% YoY to ₹7,910.52 Cr on 38.2% YoY growth in segment assets.
- Standalone provisions declined 32.5% QoQ to ₹850.69 Cr, reflecting benign credit costs.
- Robust balance sheet expansion with advances rising 30.0% YoY to ₹18.32 lakh Cr and deposits growing 27.1% YoY to ₹20.50 lakh Cr.
Key concerns
- Annualised Return on Assets (RoA) moderated 10bps YoY and 23bps QoQ to 2.26%.
- Capital Adequacy Ratio declined 16bps QoQ to 16.68% as risk-weighted assets expanded with rapid loan growth.
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