Earnings Scoreboard: 83% of S&P 500 early reporters beat EPS estimates as Y/Y profit growth hits 23 firms
ICICI Bank reported a strong 20.1% increase in net profit to ₹148.43 billion in Q2 FY2027, while profit before tax excluding treasury rose 23.4% to ₹199.54 billion. Despite a narrowing net interest margin to 4.18%, the bank's loans grew by 30% year-over-year, and total deposits increased 27.1% year-over-year. The bank's shares closed at $29.99, up 1.87% from the previous close of $29.44.
Management expects margins to weaken further in Q3 before recovering in Q4, citing the impact of FCNR deposits and seasonal agricultural provisioning.
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