According to a CNBC-TV18 poll, ICICI Bank’s Profit After Tax (PAT) is expected to grow by 10.3% year-on-year, reaching ₹11,332.7 crore compared to ₹10,271.6 crore in the same period last year.
Meanwhile, the bank’s Net Interest Income (NII) is projected to increase by 9.5% year-on-year to ₹20,461.4 crore from ₹18,678.6 crore in Q3FY24.
The bank’s asset quality is likely to remain stable. Brokerage firm Motilal Oswal projects the Gross Non-Performing Assets (GNPA) ratio to be around 2%, slightly higher than the 1.97% reported in the July-September quarter (Q2FY25). However, provisions are expected to rise on a quarter-on-quarter basis.
Kotak Securities has projected a decline in the bank’s Net Interest Margin (NIM) by 27 basis points (bps) year-on-year and 10 bps sequentially. On the brighter side, the bank’s credit cost is expected to decline by 53 bps year-on-year and 13 bps quarter-on-quarter.
Motilal Oswal forecasts robust growth in ICICI Bank’s deposit and loan portfolios. Deposits are anticipated to grow by 17.5% year-on-year, while loans are expected to increase by 15.05% during the same period.
The market participants will closely monitor the management’s commentary for insights into the bank’s outlook on business momentum, credit growth, and asset quality.
On Friday, January 24, ICICI Bank shares gained 0.62% to close at ₹1,209.20 per share. The bank currently has a market capitalisation of ₹8,53,768 crore and has delivered returns of around 21% in last one year.