ICICI Bank Q2-2027 slides: 23% profit growth amid margin pressure

ICICI Bank reported a 23.4% year-over-year profit growth in Q2-2027, despite compressed net interest margins. The bank expanded its balance sheet while navigating profitability pressures through strategic deposit mobilization. Share price closed at $29.99, up 1.87% from the previous close. Core operating profit increased 21.8% to ₹208.05 billion, and profit after tax grew 20.1% to ₹148.43 billion.

Net interest income rose 17.7% to ₹253.39 billion, but net interest margin fell to 4.18% from 4.36%. Fee income grew 20.1% to ₹77.95 billion, driven by strong performance across retail banking, transaction banking, and wealth management. Cost-to-income ratio improved to 38.4%. Loan portfolio expanded 30.0% year-over-year, with retail and rural loans growing 14.8% to ₹9,456.87 billion. NPA ratio declined to 0.30%, and provision coverage ratio stood at 75.0%.