New Delhi: Private sector lender ICICI Bank on Saturday reported 14.6% year-on-year rise in net profit at Rs 11,059 crore for April-June quarter (Q1) of current financial year 2024-25.
The bank had posted a net profit of Rs 9648.20 crore in the Q1 of previous financial year 2023-24.
The consolidated net profit increased by 10% year-on-year to Rs 11,696 crore in the June quarter of FY25 from Rs 10,636 crore in the corresponding quarter of previous financial year.
Net interest income (NII) of the private lender increased by 7.3% year-on-year to Rs 19,553 crore in Q1 of FY25 from Rs 18,227 crore in Q1 of FY24.
The gross NPA (non-performing asset) ratio of the bank stood at 2.15% during June quarter of FY25 as compared to 2.16% in the previous quarter.
ICICI Bank in a media statement said that its gross NPA additions were Rs 5,916 crore in Q1 of FY25 as compared to Rs 5,139 crore in the previous quarter.
“Net NPA ratio was 0.43% at June 30, 2024 compared to 0.42% at March 31, 2024. Provisioning coverage ratio on non-performing assets was 79.7% at June 30, 2024,” the media release said.
