ICICI Bank, India's second-largest private sector lender, reported a 20.1% rise in its net profit for the second quarter of the financial year 2026-27. The bank's net profit after tax (PAT) increased to ₹14,843 crore from ₹12,359 crore in the same quarter last year. This growth was mainly supported by a healthy increase in interest income.
- Net profit rose 20.1% year-on-year to ₹14,843 crore in Q2 FY27.
- Interest income grew 17.6% to ₹49,110 crore.
- Net interest margin (NIM) declined by 12 basis points.
- Asset quality showed improvement.
- Shares gained 0.55% after earnings announcement.
What contributed to ICICI Bank's profit growth in Q2 FY27?
The primary factor behind the profit increase was a rise in interest income. ICICI Bank's interest income advanced 17.6% to ₹49,110 crore during the July to September quarter, compared to ₹41,757 crore in the same period last year. This growth helped offset pressure on the bank's margins.
How did the bank's net interest margin change?
Despite the increase in interest income, the bank's net interest margin (NIM) declined by 12 basis points. This slight fall in margins indicates some pressure on the bank's profitability per unit of interest-earning assets, but it did not prevent overall profit growth.
What is the status of ICICI Bank's asset quality?
Asset quality improved during the quarter, which is a positive sign for the bank's financial health. Improved asset quality reduces the risk of loan defaults and supports sustainable earnings growth.
How did the stock market respond to ICICI Bank's Q2 results?
Following the earnings announcement, ICICI Bank's shares rose by 0.55% to close at ₹1,397 per share. Over the past five years, the stock has delivered a 92% return to investors, with a 46% gain over the last three years. However, the stock has declined by 1.4% in the past year. Year-to-date in 2026, the stock has gained 4.4%, including a 2.8% rise in the last month.
What are the recent highs and lows for ICICI Bank shares?
The shares reached a 52-week high of ₹1,480 on July 20, 2026, and a 52-week low of ₹1,187.60 on April 2, 2026. As of October 16, 2026, the bank's market capitalization stood at over ₹10.03 lakh crore.
Frequently Asked Questions
Q: What was ICICI Bank's net profit in Q2 FY27?
A: The net profit after tax was ₹14,843 crore, a 20.1% increase from the previous year.
Q: How much did the interest income grow?
A: Interest income grew by 17.6%, reaching ₹49,110 crore in Q2 FY27.
Q: Did the net interest margin improve?
A: No, the net interest margin declined slightly by 12 basis points.
Q: How did the stock market react to the earnings report?
A: ICICI Bank shares rose by 0.55% after the earnings announcement.
