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Earnings Call Transcript

ICICI Bank Earnings Call Transcript: Key Takeaways

ICICI Bank delivered a strong Q1-2027 performance with 15.9% YoY PAT growth to ₹14,805 crore and NIM expansion to 4.36%, focusing on 360-degree customer-centricity and risk-calibrated growth.

Highlights
Revenue growthNII increased 12.7% YoY to ₹24,384 crore.
MarginsNIM improved to 4.36%, aided by 8bps tax refund benefit.
Demand visibilityStrong credit demand across segments, particularly corporate working capital.
Management confidenceHigh; citing resilient Indian economy and healthy capital adequacy.

Growth

NII grew 12.7% YoY; core operating profit rose 15.6% YoY; total loan portfolio grew 19.6% YoY.

Outlook

Management expects range-bound NIM in FY27; focus on scaling AI/Generative AI use cases; no specific growth targets provided.

Risks

Potential NIM dilution from FCNR(B) deposits; geopolitical uncertainties in West Asia; seasonal slippages in agriculture portfolio.

Last quarter's promises, checked

Delivered

  • Guided range-bound NIM for FY27 → delivered 4.36% (= BEAT)
  • Guided risk-calibrated growth → delivered 19.6% YoY loan growth (= BEAT)
  • Guided focus on quality customers → delivered 0.33% Net NPA (= BEAT)

Partly delivered

  • Guided credit cost under 50bps → delivered 38bps but with seasonal agri slippages (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: ICICIBANK. Summary written with AI assistance from the document.

Read the document ↗

ICICI Bank Ltd: key numbers

Share price
₹1,326.80
Market cap
₹9,52,438 Cr
Revenue (annual)
₹1,95,218 Cr
Net profit (annual)
₹54,208 Cr
P/E (TTM)
17.0×Sector 22.0×
Promoter holding
0.00%+0.00% QoQ
FII holding
33.79%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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