ICICI Bank(US:IBN)2025-10-24 10:03Financial Performance - ICICI Bank reported total income of ₹49,333.49 crore for Q2 FY2026, a 3.4% increase from ₹47,714.04 crore in Q2 FY2025[14] - The bank's net profit for the quarter was ₹12,358.89 crore, up 5.2% from ₹11,745.88 crore in the same quarter last year[14] - Operating profit before provisions and contingencies was ₹17,297.96 crore, an increase from ₹16,723.18 crore in Q2 FY2025[14] - Total income for Q2-2026 reached ₹76,146.59 crore, a 4.2% increase from ₹72,942.55 crore in Q2-2025[41] - Net profit from ordinary activities after tax for Q2-2026 was ₹13,357.06 crore, up from ₹12,947.77 crore in Q2-2025, marking a 3.2% increase[41] - Profit before taxes for H1-2026 was ₹36,823.52 crore, an increase from ₹33,634.72 crore in H1-2025, representing an 6.5% growth[46] - Profit before tax excluding treasury grew by 9.1% year-on-year to ₹ 16,164 crore (US$ 1.8 billion) in the quarter ended September 30, 2025[76] - Core operating profit grew by 6.5% year-on-year to ₹ 17,078 crore (US$ 1.9 billion) in Q2-2026[76] - Consolidated profit after tax increased by 3.2% year-on-year to ₹ 13,357 crore (US$ 1.5 billion) in Q2-2026[86] Asset Quality - Gross non-performing assets (NPA) ratio decreased to 1.58% from 1.97% year-on-year[14] - As of September 30, 2025, the gross non-performing advances (net of write-off) to gross advances ratio was 1.64%, down from 1.75% in June 2025 and 2.04% in September 2024[15] - The net NPA ratio was 0.39% at September 30, 2025[76] - The gross NPA ratio improved to 1.58% at September 30, 2025, down from 1.67% at June 30, 2025[81] - The bank has not acquired any non-performing loans during the six months ended September 30, 2025, maintaining a stable asset quality[30] Capital and Reserves - The capital adequacy ratio (Basel III) stood at 15.76%, compared to 15.35% in the previous year[14] - The bank's net worth, including Available for Sale ('AFS') Reserve, was reported at ₹307,696.39 crore as of September 30, 2025, up from ₹256,479.80 crore a year earlier[17] - Total capital and liabilities amounted to ₹2,136,270.54 crore as of September 30, 2025, compared to ₹1,976,858.23 crore a year earlier, representing a growth of approximately 8.06%[17] - Total capital and liabilities as of September 30, 2025, amounted to ₹2,686,485.38 crore, an increase from ₹2,516,511.56 crore a year earlier[43] - Reserves and surplus increased to ₹331,806.80 crore from ₹277,026.44 crore year-over-year, showing a growth of 19.7%[43] Deposits and Advances - Total deposits increased to ₹1,612,824.94 crore as of September 30, 2025, compared to ₹1,497,760.67 crore in September 2024, reflecting a growth of approximately 7.67% year-over-year[17] - Deposits stood at ₹1,645,864.93 crore, up from ₹1,529,513.61 crore in the previous year, reflecting a growth of 7.6%[43] - Advances increased from ₹12,77,240 crore to ₹14,08,456 crore, showing a growth of about 10.27%[1] - Domestic loan portfolio grew by 10.6% year-on-year to ₹ 13,75,260 crore (US$ 154.9 billion) at September 30, 2025[76] - Net domestic advances grew by 10.6% year-on-year to ₹ 14,08,456 crore (US$ 158.6 billion) at September 30, 2025[78] Expenditures - Total expenditure excluding provisions was ₹32,035.53 crore, compared to ₹30,990.86 crore in the same quarter last year[14] - The company reported a total expenditure of ₹56,172.70 crore for Q2-2026, up from ₹53,064.21 crore in Q2-2025, representing a 4.0% increase[41] Shareholder Information - The bank appointed Ms. Vijayalakshmi Iyer as an Additional Independent Director, effective December 1, 2025[9] - The Bank issued 56,008,117 equity shares of face value ₹ 2 each as part of the Scheme of Arrangement, recognizing a securities premium of ₹ 6,887.60 crore[31] - The company issued 8,166,349 equity shares during Q2-2026 due to employee stock options[51] - The company recognized a securities premium of ₹6,887.60 crore following the delisting of ICICI Securities Limited[51] Segment Performance - The Bank's total segment revenue for Q2-2026 was ₹ 96,742.35 crore, an increase from ₹ 93,973.61 crore in Q2-2025, representing a growth of approximately 2.7% year-over-year[33] - Retail Banking segment revenue reached ₹ 40,758.81 crore in Q2-2026, up from ₹ 38,750.86 crore in Q2-2025, indicating a growth of about 5.2%[33] - The Digital Banking segment within Retail Banking generated revenue of ₹ 11,061.20 crore in Q2-2026, up from ₹ 10,051.48 crore in Q2-2025, reflecting a growth of about 10%[34] - The Life Insurance segment reported revenue of ₹15,430.13 crore in Q2-2026, an increase of 28.5% from ₹12,070.95 crore in Q1-2026 and up 11.8% from ₹13,888.43 crore in Q2-2025[53] - General Insurance segment revenue was ₹7,283.32 crore, up 5.6% from ₹6,897.64 crore in Q1-2026 and up 11.2% from ₹6,546.95 crore in Q2-2025[53] Cash Flow - Cash and cash equivalents at the end of the period were ₹136,680.28 crore, down from ₹185,562.00 crore at the beginning of the year, reflecting a decrease of approximately 26.30%[19] - The bank's net cash flow from operating activities for the period was a negative ₹19,166.87 crore, compared to a positive cash flow of ₹51,951.78 crore for the same period last year[19] - Net cash flow from operating activities for H1-2026 was a negative ₹17,360.99 crore, compared to a positive ₹45,099.13 crore in H1-2025[46] - The net cash flow from financing activities for H1-2026 was a negative ₹10,746.26 crore, compared to a positive ₹5,900.16 crore in H1-2025[47] Other Financial Metrics - The return on assets (annualized) was reported at 2.36%, slightly down from 2.40% in the previous year[14] - Earnings per share (EPS) for Q2-2026 was ₹18.71, compared to ₹18.39 in Q2-2025, indicating a growth of 1.7%[42] - The total depreciation and amortization expense for H1-2026 was ₹1,468.57 crore, up from ₹1,289.85 crore in H1-2025[46] - The company reported a provision for non-performing and other assets of ₹3,154.44 crore in H1-2026, compared to ₹3,044.57 crore in H1-2025[46] - The effect of exchange fluctuation on translation reserve for H1-2026 was ₹459.31 crore, an increase from ₹50.93 crore in H1-2025[47]