ICICI Bank Ltd's Q3FY25 Quarter Results
- 26 Jan 2025
Result Summary
- ICICI Bank Ltd reported a 2.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 25.5%.
- Its expenses for the quarter were up by 3.4% QoQ and 26.7% YoY.
- The net profit decreased 0.4% QoQ and increased 20.2% YoY.
- The earnings per share (EPS) of ICICI Bank Ltd stood at 17.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 74626.56 | 72942.55 | 59479.76 | 2.3% | 25.5% |
Total Expenses | 54875.68 | 53064.21 | 43317.45 | 3.4% | 26.7% |
Provisions & contingencies | 1267.86 | 1381.88 | 1020.45 | -8.3% | 24.2% |
Profit Before Tax | 18483.02 | 18496.46 | 15141.86 | -0.1% | 22.1% |
Tax | 4654.41 | 4635.66 | 3886.67 | 0.4% | 19.8% |
Profit After Tax | 13846.89 | 13905.99 | 11515.15 | -0.4% | 20.2% |
Earnings Per Share | 17.90 | 18.10 | 15.50 | -1.1% | 15.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
ICICI Bank Ltd is one of India's leading private sector banks, known for providing a range of banking products and financial services to corporate and retail customers. The bank operates in various segments including retail banking, wholesale banking, treasury operations, and other banking operations. It has a strong presence not only in India but also in international markets. ICICI Bank has been focusing on digital banking initiatives and expanding its reach to enhance customer experience and operational efficiency. Recent developments include a continued emphasis on digital transformation and expanding its product offerings to adapt to changing customer needs and regulatory requirements.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), ICICI Bank Ltd reported a total income of ₹74,626.56 crores. This reflects a quarter-over-quarter (QoQ) growth of 2.3% from ₹72,942.55 crores in the second quarter of the fiscal year 2025 (Q2FY25), and a year-over-year (YoY) increase of 25.5% from ₹59,479.76 crores reported in the third quarter of the fiscal year 2024 (Q3FY24). The consistent growth in revenue over both quarters and the past year is indicative of the bank's ability to expand its income streams amidst evolving market conditions. The reported figures highlight the bank's capacity to leverage its diversified financial services portfolio to generate improved income levels.
Profitability
For Q3FY25, ICICI Bank Ltd recorded a profit before tax of ₹18,483.02 crores, which saw a slight decrease of 0.1% from ₹18,496.46 crores in Q2FY25. On a YoY basis, this metric increased by 22.1% from ₹15,141.86 crores in Q3FY24. The profit after tax for Q3FY25 was ₹13,846.89 crores, a marginal decrease of 0.4% from ₹13,905.99 crores in Q2FY25, but an increase of 20.2% from ₹11,515.15 crores in Q3FY24. The tax expense for the quarter was ₹4,654.41 crores, reflecting a slight QoQ increase of 0.4% and a YoY growth of 19.8%. These figures underscore the bank's ability to maintain profitability despite fluctuations in expenses and provisions.
Operating Metrics
ICICI Bank's total expenses in Q3FY25 were ₹54,875.68 crores, which increased by 3.4% from ₹53,064.21 crores in Q2FY25 and showed a YoY growth of 26.7% from ₹43,317.45 crores in Q3FY24. Provisions and contingencies in Q3FY25 amounted to ₹1,267.86 crores, a reduction of 8.3% from ₹1,381.88 crores in the previous quarter, but a YoY increase of 24.2% from ₹1,020.45 crores in Q3FY24. Earnings per share (EPS) for Q3FY25 stood at ₹17.90, which is a decrease of 1.1% from ₹18.10 in Q2FY25, and a YoY increase of 15.5% from ₹15.50 in Q3FY24. These metrics provide insights into the bank's operational efficiency and cost management strategies over the reported periods.
