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ICICI Bank’s Q2 FY24-25 results demonstrate a robust financial performance with a consolidated profit after tax of ₹12,948 crore, growing by 18.8% year-on-year. Revenue saw a strong upward trend, solidifying ICICI Bank’s position as a resilient banking leader.
In Q2 of FY24-25, ICICI Bank has shown substantial growth across various financial indicators:
Metric | Q2 FY24-25 (₹ Cr) | Q2 FY23-24 (₹ Cr) | Growth (%) |
Net Interest Income | 20,048 | 18,308 | 9.5% |
Non-Interest Income | 6,496 | 5,861 | 10.8% |
Core Operating Profit | 16,043 | 14,314 | 12.1% |
Profit Before Tax | 15,490 | 13,646 | 13.5% |
Profit After Tax (PAT) | 11,746 | 10,261 | 14.5% |
Gross NPA Ratio | 1.97% | 2.15% | - |
Net NPA Ratio | 0.42% | 0.43% | - |
Provision Coverage Ratio | 78.5% | 77.9% | - |
The results reflect anticipated growth trends within the banking sector. With a steady increase in deposits, loan portfolios, and a decrease in NPAs, the bank has successfully managed sectoral challenges like interest rate fluctuations and market volatility.
ICICI Bank’s leadership emphasized a strong outlook for the upcoming quarters, highlighting increased digital adoption and a focus on customer-centric banking solutions. The management expressed confidence in sustaining growth, particularly in retail and business banking segments, and is optimistic about maintaining improved asset quality.
Check out ICICI Bank's past performances in previous quarters and financial years.
ICICI Bank’s Q2 FY24-25 results underscore its steady growth trajectory, driven by increased revenue and a higher profit after tax. By focusing on digital transformation and expanding its retail and business banking sectors, ICICI Bank demonstrates resilience and adaptability in an evolving market. Investors can view these results as a positive indicator of ICICI’s ability to navigate sectoral shifts while pursuing sustainable growth.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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