Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
Pending
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in partial
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
ICICI Bank reported a 15.5% YoY PAT growth to INR 127.68 billion for Q1 FY26, driven by core operating profit growth of 13.6% YoY and higher treasury gains. Net interest income rose 10.6% YoY to INR 216.35 billion, though NIM compressed to 4.34% from 4.41% in Q4 due to repo rate cuts and deposit repricing. Domestic loan growth was 12% YoY, led by business banking (+29.7% YoY), while retail growth remained subdued at 6.9% YoY. Asset quality was stable with net NPA at 0.41%. Management expects gradual margin pressure in Q2 from full repo rate transmission, offset by lower deposit costs. Credit costs normalized to ~50 bps excluding KCC seasonality. A key risk is the slowdown in unsecured retail growth and potential asset quality normalization in business banking.
Colored figures show movement against the previous available record.
Guidance to track
- Full impact of 50 bps repo rate cut in June will flow through in Q2, partially offset by lower deposit costs.
- Underlying credit cost expected to be around 50 bps, excluding KCC seasonality in Q1 and Q3.
- Business banking portfolio expected to grow faster, increasing its share of total loans.
Risks flagged
- Personal loans and credit card portfolios grew only 1.4% and 1.5% YoY respectively, reflecting systemic softness and cautious underwriting.
- Full transmission of 50 bps repo cut in June will pressure NIM in Q2, though partially offset by lower deposit costs.
- Rapid growth in business banking (29.7% YoY) may lead to higher credit costs as portfolio matures.
Key quotes
- The profit before tax, excluding treasury, grew by 11.4% year-on-year to INR 156.90 billion in this quarter.
- The net interest margin was 4.34% in this quarter compared to 4.41% in the previous quarter and 4.36% in Q1 of last year.
- I think clearly we can do more on both personal loans and credit cards.
Research modules