ICICI Bank Q4 Results Preview: Pure benefits for increase in more than 10% yoy on debt growth, 9% yoy seen in NII development. ICICI Bank’s main net interest income increased by 9.5 percent 20,048 crore in the July-September quarter of 2024-25 (Q2Fy25), operated in 15.7 percent in its domestic loan portfolio.
The net interest margin was less than 4.27 percent, which was below 4.53 percent a year ago, as the interest-Kamai property (IEA) softened by 9.20 percent. Bank’s non-onion income increased by 10.8 percent 6,496 crore in the September quarter, mainly fee income increased by 13.3 percent, which reached 5,894 crores. The bank’s main operating profit increased by 12.1 percent 16,043 crore in Q2 14,314 crores in Q2Fy24.
After tax, the bank’s profit reached 14.5 percent YOY, 11,746 crore compared to 10,261 crore in Q2 FY24. In terms of asset quality, the gross NPA ratio improved by 1.97 percent by September 30, 2024, below 2.15 percent at the end of the previous quarter, while the net NPA ratio declined slightly to 0.42 percent to 0.43 percent.
