ICICI Bank Q1 FY27 Results: Net Profit Jumps 15.9% to ₹14,804 Crore
By Kaushik Brahmakshatriya
Published On 18 July 2026.
ICICI Bank Q1 FY27 results
ICICI Bank, one of India’s largest private sector lenders, announced its first-quarter results for financial year 2026-27 on Saturday, July 18, 2026, covering the period ended June 30, 2026. The bank delivered a strong performance across profitability, income growth, and asset quality, comfortably beating market expectations and reinforcing its position as one of the country’s best-managed banking institutions.
Overall Profit Performance
On a standalone basis, ICICI Bank’s net profit climbed to ₹14,804.50 crore, a growth of nearly 16 percent compared with the year-ago quarter. This print outpaced analyst estimates that had pegged profit closer to ₹13,600 crore. Sequentially too, earnings improved over the January-March quarter, pointing to consistent momentum heading into the new fiscal year.
On a consolidated basis, which includes the bank’s subsidiaries and joint ventures, net profit came in even higher, rising close to 14 percent year-on-year and edging up over the previous quarter as well. Total consolidated income also expanded at a healthy pace, supported by robust growth in interest earned during the quarter.
Revenue, Margins & Operating Performance
Net interest income, the core driver of a bank’s profitability, grew at a double-digit pace on a consolidated basis, while the net interest margin held largely steady, reflecting disciplined balance sheet management even as deposit costs remained a watch point. Operating profit before provisions rose at a healthy clip both year-on-year and sequentially, aided by controlled provisioning during the quarter. Operating expenses did rise in line with business expansion, but this was offset by stronger core income generation.
Stronger Asset Quality
ICICI Bank’s asset quality trends were among the standout highlights of the quarter. The gross non-performing asset ratio eased noticeably compared with a year earlier, while the net non-performing asset ratio also improved on a yearly basis, even though it ticked up marginally from the preceding quarter. Fresh slippages into bad loans declined compared with the same period last year, and recoveries, upgrades and write-offs kept the overall stressed asset pool in check. Provisions for bad loans fell sharply year-on-year, giving an additional boost to the bottom line.
Advances Growth & Keys Board Decisons
Loan growth remained a bright spot, with domestic advances expanding strongly year-on-year and posting healthy sequential growth as well. The corporate loan book also grew at a fast pace, indicating a broad-based recovery in credit demand across retail and corporate segments.
Alongside the earnings announcement, the bank’s board approved the appointment of a new independent director, whose term is set to begin in August 2026. The board also cleared a plan to raise substantial funds through overseas borrowings in the form of bonds, notes, or offshore certificates of deposit, giving the bank additional headroom for future growth and international operations.
Q1 FY27 Standalone Financial Highlights
| Parameter | Q1 FY27 | Q1 FY26 | YoY Change |
| Net Profit | ₹14,804.50 crore | ₹12,768.21 crore | +15.9% |
| Total Income | ₹54,246.84 crore | ~₹51,470 crore | +5.4% |
| Provisions & Contingencies | ₹1,260.45 crore | ₹1,814.57 crore | -30.5% |
| Operating Expenses | ₹12,574.34 crore | ₹11,390 crore | +10.4% |
| Net Interest Margin | 4.36% | — | Steady |
Asset Quality Highlights
Consolidated Financial Overview
| Parameter | Q1 FY27 | Comparable Quarter | Change |
| Consolidated Net Profit | ₹15,440.06 crore | ₹13,557.60 crore (Q1 FY26) | +13.9% |
| Consolidated Total Income | ₹79,689.22 crore | ₹74,576.03 crore (Q1 FY26) | +6.9% |
| Basic EPS | ₹21.54 | ₹20.62 (Q4 FY26) | Up sequentially |
Future Outlook
With improving asset quality, healthy loan growth, and a strengthened capital-raising plan in place, ICICI Bank enters FY27 on solid footing. Analysts will be watching how the bank navigates margin pressure from rising deposit costs and stress in unsecured retail lending in the quarters ahead, but the current results suggest the bank remains on a stable and profitable growth path.
Frequently Asked Questions FAQ
Q1. What was ICICI Bank’s standalone net profit for Q1 FY27?
ICICI Bank reported a standalone net profit of ₹14,804.50 crore for the quarter ended June 30, 2026, up 15.9 percent from the same period last year.
Q2. What was the consolidated net profit for the quarter?
On a consolidated basis, ICICI Bank posted a net profit of ₹15,440.06 crore, reflecting nearly 14 percent year-on-year growth.
Q3. How did ICICI Bank’s asset quality change in Q1 FY27?
The gross NPA ratio improved to 1.38 percent from 1.67 percent a year earlier, while the net NPA ratio eased to 0.35 percent from 0.41 percent over the same period.
Q4. What was the net interest margin for the quarter?
ICICI Bank maintained a stable net interest margin of 4.36 percent during Q1 FY27.
Q5. Did ICICI Bank’s board make any other major announcements?
Yes, the board approved the appointment of Mrugank Paranjape as an independent director and cleared a plan to raise up to $2.50 billion through overseas borrowings.
Q6. How much did provisions decline during the quarter?
Provisions and contingencies fell by 30.5 percent year-on-year to ₹1,260.45 crore, supporting overall profitability.
Q7. How fast did ICICI Bank’s loan book grow?
Domestic advances grew 18.8 percent year-on-year, while the domestic corporate loan portfolio expanded 18.5 percent year-on-year.
Q8. When did ICICI Bank announce its Q1 FY27 results?
ICICI Bank announced its results on Saturday, July 18, 2026, for the quarter ended June 30, 2026.
Disclaimer :
This is for informational purposes only and should not be considered investment advice. Please consult a certified financial advisor before making investment decisions.We are not responsible for any financial loss.
