ICICI Bank reports Q1FY27 results with net profit of Rs 14,804 crore, beating street expectations. Multiple outlets cite growth in profit of about 15.9% year-on-year, along with rising net interest income (NII) of around 12.7%, supported by healthy loan growth. Reports also point to resilient profitability metrics, including stable to improved net interest margins (NIM). Deccan Chronicle says NIM is marginally higher at 4.36%. NDTV adds that margins and credit costs remain contained, with asset quality improving. Analysts cited in Business Standard and Economic Times note the market reaction to the results, with ICICI Bank shares rising roughly 2.5% to 3% following the announcement. Economic Times says Bernstein and other brokerages see further upside, upgrading or maintaining bullish views on the stock based on growth, margin resilience, and improving asset quality. While some coverage acknowledges a seasonal uptick in slippages, the overall assessment in the articles is that earnings momentum continues alongside better asset-quality trends.
ICICI Bank Q1FY27 profit beats estimates as NII and asset quality improve
ICICI Bank reports Q1FY27 results with net profit of Rs 14,804 crore, beating street expectations. Multiple outlets cite growth in profit of about 15.9% year-on-year, along with rising net interest in...
- ICICI Bank’s Q1FY27 net profit is Rs 14,804 crore and it beats street estimates.
- Profit growth is about 15.9% year-on-year, with NII up about 12.7%.
- Net interest margin is around 4.36%, described as stable to marginally higher.
- Asset quality improves and credit costs remain well contained, despite a possible seasonal rise in slippages.
- ICICI Bank shares rise about 2.5% to 3% after the results, with brokerages issuing higher target-price/upside estimates.
ICICI Bank share price jumped 2.5 per cent in early trade on Monday after better-than-expected Q1 results. Brokerages see up to 25 per cent upside for the stock.
1 month agoICICI Bank shares rose 3% after the lender reported strong Q1FY27 results, with net profit growing 15.9% and net interest income rising 12.7%, driven by healthy loan growth and improving asset quality. Following the earnings, Bernstein upgraded the stock to 'Outperform' with a target price of Rs 1,800, citing superior growth, resilient margins and strong profitability prospects.
1 month agoWhile brokerages acknowledged a seasonal uptick in slippages, they noted that credit costs remained well contained and margin performance held up better than expected, supporting another quarter of strong profitability.
1 month agoICICI Bank's net interest margin, a key measure of the bank's profitability, was marginally higher at 4.36%.
1 month agoICICI Bank beat Street estimates in Q1 FY27 with a Rs 14,804 crore profit, stronger NII, higher margins and improved asset quality, reinforcing earnings momentum.
1 month ago
U.S. unveils “Operation Economic Outcast” sanctions campaign targeting Iran’s economic links
The United States announces “Operation Economic Outcast,” a sanctions-driven campaign described by Treasury Secretary Sc...
JD Vance says US is investigating Iran-reported airstrike on wedding party
U.S. Vice President JD Vance says the United States is investigating reports of an airstrike that Iran says hit a weddin...
NDTV publishes daily “Stock Market Today” briefs ahead of trading sessions
NDTV repeatedly publishes “Stock Market Today: All You Need To Know Before Going Into Trade” items ahead of market hours...