India's second largest private sector lender ICICI Bank reported its financial results for the fourth quarter of FY25, posting an 18 percent year-on-year rise in standalone net profit to Rs 12,629.58 crore. The earnings surpassed Street expectations, with analysts projecting a net profit of Rs 12,050 crore, according to a Moneycontrol poll. On a sequential basis, net profit rose 7.1 percent.
ICICI Bank said that its board has recommended a dividend of Rs 11 per share of face value of Rs 2 each, subject to requisite approvals. The dividend will be paid after the approval at the company's Annual General Meeting.
Asset quality
ICICI Bank's gross non-performing asset (NPA) ratio shrunk to 1.67 percent as on March 31, 2025, from 1.96 percent a quarter ago, and 2.16 percent a year ago.
Similarly, the net NPA ratio of the bank stood at 0.39 percent in the reporting quarter, as compared to 0.42 percent in a quarter ago period and also 0.42 percent in a year ago period.
In absolute terms, gross NPA fell to Rs 24,166.18 crore as of March 31, 2025, as compared to Rs 27,745.33 crore as on December 31, 2024, and Rs 27,961.68 crore as on March 31, 2024.
Provisions (excluding provision for tax) for the quarter increased to Rs 891 crore in Q4FY25
compared to Rs 718 crore in Q4FY24 and Rs 1,227 crore in Q3FY25, release said.
Provisioning coverage ratio on non-performing loans was 76.2 percent at March 31, 2025.
Deposits
Private lender's total deposit during the quarter ended March increased by 14 percent on-year, and 5.9 percent on a quarterly basis. In January-March quarter, total deposit of the bank stood at Rs 16.11 lakh crore at March 31, 2025.
Average deposits increased by 11.4 percent year-on-year and 1.9 percent sequentially to Rs 14.87 lakh crore in Q4FY25. Average current account deposits increased by 9.6 percent year-on-year and 1.4 percent sequentially in Q4FY25. Average savings account deposits increased by 10.1 percent year-on-year and 0.2 percent sequentially in Q4FY25.
With the addition of 241 branches during Q4-2025, the Bank had a network of 6,983
branches and 16,285 ATMs & cash recycling machines at March 31, 2025.
Advances
The net domestic advances grew by 13.9 percent year-on-year and 2.2 percent sequentially at March
31, 2025. The retail loan portfolio grew by 8.9 percent year-on-year and 2.0 percent sequentially, and
comprised 52.4 percent of the total loan portfolio at March 31, 2025. Including non-fund
outstanding, the retail portfolio was 43.8 percent of the total portfolio at March 31, 2025.
The business banking portfolio grew by 33.7 percent year-on-year and 6.2 percent sequentially at March 31, 2025. The rural portfolio grew by 5.1 percent year-on-year and declined by 1.5 percent
sequentially at March 31, 2025. The domestic corporate portfolio grew by 11.9 percent year-on-year and declined by 0.4 percent sequentially at March 31, 2025.
Total advances increased by 13.3 percent year-on-year and 2.1 percent sequentially to Rs 13.42 lakh crore at March 31, 2025, release added.
NII and NIM
Net interest income (NII) increased by 11.0 percent year-on-year to Rs 21,193 crore in Q4FY25 from Rs 19,093 crore in Q4FY24.
Net interest margin was 4.41 percent in Q4FY25 compared to 4.25 percent in Q3FY25 and 4.40 percent in Q4FY24. The net interest margin was 4.32 percent in FY25.
Ahead of the Q4 results, ICICI Bank shares jumped 3.73 percent to end at Rs 1,407 on NSE on Thursday.
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