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 crore, compared with Rs 11,792.42 crore in the year-ago period. This translates into a 4.02% year-on-year decline, while profit fell 8.42% quarter-on-quarter, reflecting 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 crore, down 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% YoY, though 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% QoQ, indicating 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.
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