Top News

ICICI Bank reported a weaker set of earnings for the third quarter of FY26, with declines in both standalone and consolidated profitability, even as asset quality metrics improved on a year-on-year basis.

Standalone profit falls in Q3 FY26

For the quarter ended Q3 FY26, ICICI Bank’s standalone net profit stood at Rs 11,317.86 crorecompared with Rs 11,792.42 crore in the year-ago period. This translates into a 4.02% year-on-year declinewhile profit fell 8.42% quarter-on-quarterreflecting pressure on earnings during the quarter.

Consolidated profit also declines

On a consolidated basis, the bank reported a net profit of Rs 12,537.98 croredown from Rs 12,883.37 crore in Q3 FY25. This marks a 2.68% YoY decline and a 6.13% QoQ drop in consolidated earnings.

Asset quality shows improvement YoY

Despite the decline in profitability, asset quality improved compared with last year. Gross non-performing assets (GNPA) stood at 1.53%improving from 1.96% YoYthough marginally higher than 1.58% in the previous quarter.

Net non-performing assets (NNPA) were reported at 0.37%better than 0.42% YoY and also improved from 0.39% QoQindicating stable credit conditions.

Key takeaway

ICICI Bank’s Q3 FY26 results reflected pressure on profitability on both a year-on-year and sequential basis, while asset quality trends remained supportive with lower NPAs compared to last year.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.