ICICI Bank’s stock climbed 1.14% to ₹1,223 as of 9:50 AM on the NSE, driven by strong Q3 FY25 results. The bank posted a net profit of ₹12,883 crore, marking a 16.5% year-on-year increase, although it was marginally down by 0.50% on a quarter-on-quarter basis. Its pre-provision operating profit (PPOP) rose to ₹19,750 crore, up 14.69% YoY, reflecting robust operational performance.
The bank’s net interest income (NII) grew by 9.06% YoY to ₹20,370.7 crore, driven by steady loan growth and margin expansion. Return on Assets (RoA) improved to 2.36%, underscoring efficiency and profitability. While key financial metrics remain strong, the sequential dip in net profit raised some concerns among market participants.
Brokerages have largely maintained a positive stance on ICICI Bank. CLSA continues to rate the bank as “Outperform” with a target price of ₹1,600, while Jefferies has reaffirmed its “Buy” rating with the same target price. Bernstein maintains a “Market Perform” rating with a target price of ₹1,440, and Nuvama has retained its “Buy” rating with a target price of ₹1,470.
ICICI Bank’s strong Q3 performance highlights its resilience in navigating the challenging macroeconomic environment, supported by robust PPOP growth and operational efficiency. With multiple brokerages reiterating confidence, the bank remains well-positioned for sustained growth in the near term.
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