ICICI Bank Q3 Results 2026: Profit at ₹11,318 Crore, Asset Quality Improves
India’s second-largest private bank reported steady earnings, improved asset quality, and strong capital ratios in the December quarter.
ICICI Bank Q3 results for the quarter ended December 31, 2025, showed stable earnings growth, strong operating profit, and improving asset quality. The bank reported a net profit of ₹11,317.86 crore for the quarter, supported by strong operating income and lower credit costs.
ICICI Bank Q3 FY26 — Key Live Data
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Net Profit | ₹11,317.86 crore | ₹11,792.42 crore | Stable |
| Total Income | ₹49,334 crore | ₹48,367.87 crore | +2.0% |
| Operating Profit | ₹17,355.96 crore | ₹16,886.55 crore | +2.8% |
| Gross NPA Ratio | 1.53% | 1.96% | Improved |
| Net NPA Ratio | 0.37% | 0.42% | Improved |
| Capital Adequacy | 15.59% | 14.71% | Improved |
Source: ICICI Bank Q3 FY26 exchange filing.
Table of Contents
- Key Highlights
- Financial Performance
- Operational Drivers
- Segment Trends
- Asset Quality and Balance Sheet
- Capital-Flow Impact
- Valuation Context
- Key Risks
- Outlook
Key Highlights
- Net profit at ₹11,317.86 crore for Q3 FY26.
- Total income rose to ₹49,334 crore.
- Operating profit increased to ₹17,355.96 crore.
- Gross NPA ratio improved to 1.53%.
- Net NPA ratio declined to 0.37%.
- Capital adequacy strengthened to 15.59%.
ICICI Bank Q3 Results 2026: Financial Performance
Total income for Q3 FY26 stood at ₹49,334 crore, compared with ₹48,367.87 crore in the same quarter last year.
Interest earned during the quarter reached ₹41,965.84 crore, while other income contributed ₹7,368.16 crore, indicating steady fee income and treasury performance.
Operating profit rose to ₹17,355.96 crore, supported by stable interest income and controlled operating expenses.
Net profit for the quarter stood at ₹11,317.86 crore after tax expenses of ₹3,482.52 crore.
| Metric | Q3 FY26 | Q3 FY25 |
|---|---|---|
| Total Income | ₹49,334 crore | ₹48,367.87 crore |
| Operating Profit | ₹17,355.96 crore | ₹16,886.55 crore |
| Net Profit | ₹11,317.86 crore | ₹11,792.42 crore |
ICICI Bank Q3 Results 2026: Operational Drivers
The bank’s earnings were driven by stable interest income, improving operating efficiency, and lower credit costs during the quarter. Interest income from advances alone contributed ₹32,520.08 crore.
Operating expenses rose to ₹11,944.44 crore, reflecting employee costs and technology investments across digital banking platforms.
Provisions for the quarter stood at ₹2,555.58 crore, lower than prior-year levels, supporting profitability.
ICICI Bank Q3 Results 2026: Segment Trends
Retail banking remained the largest contributor, generating segment revenue of ₹40,568.71 crore. Wholesale banking contributed ₹22,169.86 crore, while treasury operations generated ₹33,229.50 crore.
| Segment | Revenue (Q3 FY26) |
|---|---|
| Retail Banking | ₹40,568.71 crore |
| Wholesale Banking | ₹22,169.86 crore |
| Treasury | ₹33,229.50 crore |
ICICI Bank Q3 Results 2026: Asset Quality and Balance Sheet
Gross NPA ratio improved to 1.53% from 1.96% a year earlier, while net NPA ratio declined to 0.37% from 0.42%.
Total advances stood at ₹14.66 lakh crore, while deposits increased to ₹16.60 lakh crore, reflecting steady balance-sheet growth.
Capital adequacy ratio under Basel III stood at 15.59%, indicating strong capital buffers.
Capital-Flow Impact
ICICI Bank remains one of the core holdings for domestic mutual funds, insurance companies, and foreign institutional investors. Its consistent earnings profile, strong asset quality, and capital strength make it a key allocation within the private banking sector.
Performance of ICICI Bank often influences capital flows across large private lenders, particularly during earnings seasons when investors rebalance sector exposures.
Valuation Context
Private sector banks are typically valued based on price-to-book multiples, return on equity, and asset-quality trends. ICICI Bank’s improving NPA ratios and steady profitability support its premium valuation among private lenders.
Its diversified revenue mix across retail, corporate, and treasury segments continues to position it as a core institutional holding.
Key Risks
- Higher funding costs if interest rates remain elevated.
- Slower credit growth amid tighter liquidity conditions.
- Margin pressure from competition in retail lending.
- Regulatory changes affecting provisioning or capital norms.
Outlook
ICICI Bank’s outlook remains supported by improving asset quality, stable credit growth, and strong capital adequacy. The bank’s diversified revenue streams across retail, wholesale, and treasury segments provide resilience across interest-rate cycles.
Future earnings momentum will depend on credit demand, funding costs, and margin trends as the interest-rate environment evolves.
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