ICICI Bank mcap hits Rs 9 lakh crore milestone for first time

ICICI Bank market capitalisation tops Rs 9 lakh crore milestone for first time

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26 Aug, 2025 12:21

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Private lender ICICI Bank Ltd became the fifth Indian firm to cross market capitalisation of Rs 9 lakh crore for the first time on September 18 after its shares rallied over 30 percent so far in 2024.

The stock hit a record high of Rs 1,295 on BSE on September 18, up 2 percent from previous close with mcap standing at Rs 9.1 lakh crore.

Earlier, Reliance Industries Ltd, Tata Consultancy Services Ltd, HDFC Bank and Bharti Airtel have achieved this milestone.

In Q1FY25, ICICI Bank's net interest income (NII) rose 7.3% YoY and 2.4% QoQ to Rs 19,553 crore, 1.3% below estimates. Pre-Provision Operating Profit (PPOP) grew 13.3% YoY and 6.6% QoQ to Rs 16,025  crore. Non-interest income increased by 28.8% YoY but dropped 24.0% QoQ. Profit after tax jumped 14.6% YoY and 3.3% QoQ to Rs 11,059 crore, 2.8% above estimates, driven by slightly higher-than-expected operating profits.

ICICI Bank continued to deliver strong core operating performance despite macroeconomic challenges, meeting analysts' expectations. The bank has maintained solid business momentum across various segments, with management optimistic about robust deposit inflows to drive credit growth in the coming quarters. Asset quality remained stable despite a seasonal rise in slippages.

Analysts expect ICICI Bank to continue investing in branch expansion and digital banking, with a stable cost-to-income ratio supported by healthy revenues in FY25E/FY26E. The bank is well-capitalised to seize credit opportunities, and analysts believe its business momentum will support superior return ratios.

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