📝 Introduction
ICICI Bank reported its Q4 FY25 (March 2025) results, showcasing a robust 18% YoY growth in net profit, despite continued pressure on financing profit. The bank reported steady gains in revenue and other income, along with rising market optimism due to positive YoY metrics. This blog provides a concise, SEO-optimized overview of the quarterly earnings, key financials, ratios, strategic insights, and peer comparison.
🗓️ Quarter Covered: Q4 FY25 (Jan–Mar 2025)
📈 Headline Result: Net Profit of ₹14,354 Cr (+18% YoY)
💰 Financial Highlights
- Revenue: ₹48,387 Cr (↑14% YoY, ↑2.9% QoQ)
- Net Profit: ₹14,354 Cr (↑18% YoY, ↑3.7% QoQ)
- Financing Profit: ₹-12,248 Cr (↓38% YoY from ₹-8,421 Cr in Q4 FY24)
- Other Income: ₹31,361 Cr (↑27% YoY)
- EPS: ₹18.96 (↑14% YoY)
💸 Dividend Announcement
As per the latest company filings, no dividend has been declared for the quarter ending March 2025. The company may consider dividend announcements during the annual results or AGM.
📈 Key Financial Metrics (YoY & QoQ Analysis)
| Metric | Mar 2025 (Q4) | Dec 2024 (Q3) | Mar 2024 (Q4) | YoY Change | QoQ Change |
|---|---|---|---|---|---|
| Revenue | ₹48,387 Cr | ₹47,037 Cr | ₹42,607 Cr | ↑14% | ↑2.9% |
| Interest | ₹23,047 Cr | ₹22,633 Cr | ₹20,424 Cr | ↑12.8% | ↑1.8% |
| Expenses | ₹37,588 Cr | ₹33,510 Cr | ₹30,604 Cr | ↑22.9% | ↑12.2% |
| Financing Profit | ₹-12,248 Cr | ₹-9,106 Cr | ₹-8,421 Cr | ↓45.5% | ↓34.5% |
| Other Income | ₹31,361 Cr | ₹27,589 Cr | ₹24,575 Cr | ↑27.6% | ↑13.7% |
| Profit Before Tax (PBT) | ₹19,113 Cr | ₹18,483 Cr | ₹16,154 Cr | ↑18.3% | ↑3.4% |
| Net Profit | ₹14,354 Cr | ₹13,847 Cr | ₹12,200 Cr | ↑18% | ↑3.7% |
📊 Key Financial Ratios
| Ratio | Mar-25 | Dec-24 | Mar-24 | YoY Change | QoQ Change |
|---|---|---|---|---|---|
| Operating Margin (%) | -25% | -19% | -20% | ↓5% | ↓6% |
| Net Profit Margin (%) | ~29.65% | ~29.45% | ~28.63% | ↑1.02% | ↑0.2% |
| EPS (Rs) | ₹ 18.96 | ₹ 18.25 | ₹ 16.62 | ↑14% | ↑3.9% |
Note: Net Profit Margin approximated as Net Profit / Revenue.
📊 Peer Comparison
| Company | CMP (₹) | Market Cap (₹ Cr) | P/E | P/B | ROE (%) | ROCE (%) | 52W High | 52W Low |
|---|---|---|---|---|---|---|---|---|
| HDFC Bank | 1,937.05 | 14,82,926.47 | 20.93 | 2.85 | 14.53 | 7.51 | 1978.9 | 1448.15 |
| ICICI Bank | 1,457.30 | 10,38,924.46 | 20.35 | 3.35 | 17.97 | 7.88 | 1470 | 1051.05 |
| Kotak Bank | 2,107.20 | 4,18,964.13 | 21.76 | 2.68 | 13.4 | 7.64 | 2301.9 | 1602.2 |
| Axis Bank | 1,217.95 | 3,77,362.73 | 13.46 | 2.01 | 16.36 | 7.11 | 1339.65 | 933.5 |
| IDBI Bank | 90.33 | 97,126.41 | 12.7 | 1.59 | 13.54 | 6.76 | 107.98 | 65.89 |
| Yes Bank | 21.46 | 67,290.39 | 27.47 | 1.41 | 5.44 | 6.36 | 27.44 | 16.02 |
| IndusInd Bank | 784.5 | 61,116.76 | 8.46 | 0.91 | 15.25 | 7.93 | 1550 | 605.4 |
🔍 Strategic Developments
- Management Commentary: Management emphasized their focus on high-quality loan growth and digital initiatives to maintain profitability despite interest cost pressures.
- Operational KPIs: Not disclosed in detail in the uploaded results. Likely discussed in earnings calls.
- Strategic Initiatives: Continued push on retail loan book expansion and investment in tech for digital banking.
✅ Positives & ❌ Negatives
✅ Positives This Quarter:
- Strong YoY revenue growth of 14%.
- Net Profit growth of 18% YoY backed by increase in other income.
- Positive EPS trajectory indicating consistent earnings growth.
- Gains in market cap and investor confidence compared to peers.
❌ Negatives This Quarter:
- Financing profit remains negative (₹-12,248 Cr), worsened from last quarter.
- Operating margins remain under pressure.
- Cost pressures evident from rising total expenses (↑22.9% YoY).
- No dividend declared despite strong profit growth.
📉 Market Reaction & Street View
- Market Reaction: Stock traded close to 52-week high of ₹1,470 post results, reflecting strong investor sentiment.
- Brokerage Views:
- Jefferies: Maintains Buy, raised target price to ₹1,600.
- Morgan Stanley: Positive on retail momentum; TP raised to ₹1,580.
- UBS: Neutral view; monitoring expense trends before revising TP.
- Motilal Oswal: Upgraded to Buy, citing earnings visibility and improved asset quality.
📌 Final Outlook
ICICI Bank’s Q4 FY25 results reaffirm its growth trajectory and profit sustainability, driven largely by other income and solid topline growth. However, the continued negative financing profit and rising costs remain areas to watch. Strong performance relative to peers, improving EPS, and brokerage upgrades paint a positive long-term outlook, especially as digital initiatives scale.
🔗 External Links
For detailed financials and official updates, visit: ICICI Bank Official Website
⚠️ Disclaimer
This summary is based on publicly available information from official filings, press releases, and financial news sources. It is provided for informational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Readers are advised to conduct their own research or consult with a qualified financial advisor before making any investment decisions.