Following the private sector lender’s impressive earnings release for the first quarter of FY25, ICICI Bank’s share price increased by more than 2% on Monday. ICICI Bank’s Q1 results surpassed analyst expectations, showcasing a 15% YoY increase in net profit driven by strong dividends and treasury gains. On the BSE, ICICI Bank shares increased by as high as 2.67% to Rs 1,239.95 a share.
In the April-June quarter of FY25, private lender ICICI Bank recorded a standalone net profit of ₹11,059.1 crore, increasing 14.6% from Rs 9,648.2 crore in the same time the previous fiscal year.
In Q1FY25, net interest income (NII) climbed 7.4% YoY to Rs19,553 crore from Rs 18,226 crore. The net interest margin (NIM) decreased to 4.36% from 4.78% a year ago and 4.40% in the previous quarter due to an increase in funding costs.
As of 10:58 am, ICICI Bank shares were trading 2.29 % higher at Rs 1,234.85.
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