ICICI Bank Q4 Results: Net Profit Jumps 18%, Asset Quality Improves

ICICI Bank reported a net profit of Rs 12,630 crore for the quarter ended March 31, 2025, registering an 18% year-on-year increase. The bank's net interest income during the fourth quarter rose by 11% to Rs 21,193 crore, supported by a net interest margin of 4.41%. For the full financial year 2025, profit after tax grew by 15.5% to Rs 47,227 crore.

Total deposits stood at Rs 16,10,348 crore as of March 2025, up 14% from the previous year. Average deposits rose 11.4% to Rs 14,86,635 crore, with the average CASA ratio at 38.4% for the quarter.

The domestic loan book expanded by 13.9% to Rs 13,10,981 crore. Non-interest income (excluding treasury) was Rs 7,021 crore, an increase of 18.4% from the same quarter last year.

Asset Quality and Provisions

The bank’s gross NPA ratio declined to 1.67% in Q4 FY25 from 1.96% in Q3, while net NPA improved to 0.39% from 0.42% sequentially. Gross NPAs stood at Rs 5,142 crore in Q4, with recoveries and upgrades amounting to Rs 3,817 crore. The bank wrote off Rs 2,118 crore in bad loans and sold Rs 2,786 crore worth of NPAs. Provision coverage on bad loans stood at 76.2%.

Loans under resolution declined to Rs 1,956 crore, with Rs 643 crore provisioned. The bank also holds Rs 13,100 crore in contingency buffers.

Provisions for the quarter rose to Rs 890.7 crore, up 24% from Rs 718.49 crore in the same period last year.

The Board has proposed a dividend of Rs 11 per share for FY25, subject to approvals. As of March 31, ICICI Bank’s exposure to performing borrowers rated BB and below stood at Rs 2,854 crore, up from Rs 2,193 crore in the previous quarter.

ICICI Bank shares closed at Rs 1,407 on the NSE, up 3.73% ahead of the earnings release.