ICICI Bank Ltd (NYSE:IBN)

$ 29.82 -0.18 (-0.6%) Market Cap: 105.17 Bil Enterprise Value: 113.58 Bil PE Ratio: 19.03 PB Ratio: 3.17 GF Score: 74/100

Q1 2025 ICICI Bank Ltd Earnings Call Transcript

Jul 27, 2024 / 12:00PM GMT

Transcript

Key Points

Positve

Profit before tax excluding treasury grew by 11.8% year on year to INR140.80 billion.
Core operating profit increased by 11.0% year on year to INR154.12 billion.
Profit after tax grew by 14.6% year on year to INR110.59 billion.
Total deposits grew by 15.1% year on year.
Retail loan portfolio grew by 17.1% year on year.

Negative

Net NPA ratio slightly increased to 0.43% from 0.42% in the previous quarter.
Gross NPA additions were INR59.16 billion, up from INR51.39 billion in the previous quarter.
Recoveries and upgrades from gross NPAs decreased to INR32.92 billion from INR39.18 billion in the previous quarter.
Operating expenses increased by 10.6% year on year.
Net interest margin decreased to 4.36% from 4.40% in the previous quarter.

Operator

Ladies and gentlemen, good day, and welcome to ICICI Bank's Q1 FY25 earnings call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Sandeep Bakshi, Managing Director and CEO of ICICI Bank. Thank you, and over to you, sir.

Sandeep Bakhshi

ICICI Bank Ltd - Managing Director and Chief Executive Officer

Thank you. Good evening to all of you and welcome to the ICICI Bank earnings call to discuss the results for Q1 of financial year 2025. Joining us today on this call are Sandeep Batra, Rakesh, Ajay, Anindya, and Abhinek.

The Indian economy continues to remain resilient as reflected by high frequency indicators showing growth momentum, such as expansion in manufacturing and services PMI, higher tax collections, real estate buoyancy, and pickup in rural demand, supported by the consistent actions and initiatives of the policymakers.

At ICICI Bank, our strategic focus continues to be on growing profit before tax excluding treasury through the 360-degree customer centric approach and by

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