Financial Performance:

• Revenue:
  • Net Interest Income: ₹21,193 crore (up 11.0% YoY)
  • Fee Income: ₹6,306 crore (up 16.0% YoY)
  • Total Operating Income: (Core Operating Profit) ₹17,425 crore (up 13.7% YoY)
• Net Income:
  • Profit After Tax: ₹12,630 crore (up 18.0% YoY); ₹47,227 crore for FY2025 (up 15.5% YoY)
  • Consolidated Profit After Tax: ₹13,502 crore (up 15.7% YoY); ₹51,029 crore for FY2025 (up 15.3% YoY)
• Earnings Per Share (EPS): Not disclosed in the transcript.
• Operating Income: ₹17,425 crore
• Gross Margin: Not specifically disclosed; operating profit indicates healthy earnings.
• Operating Margin: Not specifically disclosed but implied through core operating profit growth.
• Cash Flow from Operations: Not explicitly mentioned.
• Capital Expenditures: Not specified; the focus was on technology and branch expansion.
• Debt and Liquidity Position: Net worth over ₹2.92 lakh crore; CET-1 ratio at 15.94% and total capital adequacy ratio at 16.55%.
• Other Key Financial Metrics:
  • Net NPA Ratio: 0.39% at March 31, 2025
  • Provisioning Coverage Ratio on Non-Performing Loans: 76.2%

Business Updates & Strategic Developments:

• Product or Service Launches: Continued enhancement of technology in operations for simplified customer solutions.
• Market Expansions: Opened 241 branches during Q4-2025, totaling 6,983 branches and 16,285 ATMs/cash recycling machines.
• Partnerships & Collaborations: Not specified in the transcript.
• Acquisitions or Divestitures: Planned to sell the entire stake in NIIT Institute of Finance and Banking.
• Regulatory Approvals or Updates: No specific mentions.
• Legal or Compliance Issues: No significant issues reported.

Industry Outlook:

• Sector-Wide Trends: The Indian economy supported by structural reforms, with ICICI Bank focusing on risk-calibrated growth amidst global uncertainties.
• Macroeconomic Factors Affecting the Industry: Anticipated repo rate cuts and the impact of international economic conditions.
• Competitive Landscape: The bank is preparing for increased competition in both retail and corporate loan segments.
• Insights from Competitor Earnings Calls: Not directly compared but trends in retail loan growth noted across banks.

Export Business & International Operations:

• Export Revenue & Growth: Not specifically disclosed.
• International Market Expansions & Challenges: Overseas loan portfolio declined by 10.2% YoY; 91% of overseas corporate portfolio comprises Indian corporates.
• Foreign Exchange Impact: Not explicitly mentioned.
• Regulatory or Trade Policy Impacts: Not detailed in the call.
• Export Outlook: Not provided.

Domestic & International Business Risks:

• Domestic Market Risks: Potential increases in non-performing loans and competitive pressures in lending rates.
• International Market Risks: Volatility in global markets due to geopolitical factors and supply chain disruptions.
• Operational Risks: The bank is focused on monitoring portfolio quality and maintaining risk-calibrated growth strategies.
• Economic & Macroeconomic Risks: Rising interest rates and inflation could impact growth and asset quality.

Forward Guidance & Future Targets:

• Revenue & EPS Projections: Specific figures not provided; focus on maintaining strong growth in profit before tax and net interest income.
• Other Key Metrics Forecasts: Loan growth anticipated to align with deposit growth, expected to remain in tandem.
• Management's Confidence Level on Meeting Targets: Confidence expressed in managing risks while pursuing growth.

Promises & Commitments Tracking

New Commitments Made in this Call

• Expand digital banking initiatives to enhance customer experience.
• Continue branch expansion with plans to add approximately 400 branches over the next year.

Status of Previous Promises

• Completed/Fulfilled Commitments:
  • Opened 241 branches in Q4-2025.
  • Implemented technology upgrades for better customer service.
• Ongoing Commitments (In Progress):
  • Monitoring and improving asset quality continuously.
  • Implementing risk-calibrated growth strategies.
• Delayed or Missed Commitments: None reported.

Capital Expenditure & Investment Plans:

• Planned vs. Actual Execution: Investment in technology and infrastructure remains ongoing; no delays reported.
• Major Investment Areas: Technology enhancements and expansion of branch networks.
• CapEx Trends Compared to Prior Periods: Not specifically detailed; overall investment seems aligned with previous years.

Profitability & Margin Analysis:

• Margin Expansion or Contraction: Net interest margin was 4.41% in Q4-2025, a slight improvement from previous quarters.
• Cost Management Measures: Focus on risk-adjusted profitability and maintaining competitive spreads.
• Operational Efficiency Trends: Positive trends in fee income and core operating profit growth.

Shareholder Returns & Capital Allocation:

• Dividend Announcements: Recommended a dividend of ₹11 per share for FY2025, subject to approvals.
• Stock Buybacks & Other Shareholder Incentives: No new buyback announcements made.
• Debt Repayment & Capital Management: Maintaining a strong capital position with a focus on prudent provisioning.

Q&A Session Insights:

• Key Questions Asked by Analysts:
  • Queries on net interest margin improvements and asset quality trends.
  • Questions regarding loan growth projections and impacts of competitive dynamics.
• Management's Responses & Clarifications: Emphasis on maintaining a stable asset quality and continuous monitoring of slippages.
• Unanswered or Avoided Questions: Specific breakdowns of loan segments and detailed future forecasts on unsecured loans were less emphasized.