Result Analysis: ICICI Bank

ICICI Bank is a leading private sector bank in India. The bank has a network of 6,742 branches and 16,277 ATMs & cash recycling machines at 31 December 2024.

Result Analysis: ICICI  Bank: Rs.1221)

Result Update: Q3FY25

 

Financial Performance:

Shareholding Pattern:

Particulars	Q3FY25	Q3FY24
FIIs	37.62%	55.12%
DIIs	36.55%	37.21%
Public	24.78%	6.45%
Non promoter	0.83%	1.01%
Government	0.22%	0.22%

Outlook:

ICICI Bank, as the second-largest private sector bank in India, offers a diverse and comprehensive range of financial products and services catering to retail, SME, and corporate customers. The bank recently reported strong results for Q3FY25, which were in line with market expectations. Key highlights include a stable net NPA ratio of 0.42%, alongside notable growth in revenue, profitability, and net interest margin. These positive trends reflect the bank’s strong operational performance and efficient risk management practices.

Given the bank’s solid fundamentals, consistent performance, and strategic positioning in the Indian banking sector, we maintain a positive outlook for its future prospects. Based on our analysis, we are confident in ICICI Bank’s ability to deliver sustained growth and profitability. Consequently, we recommend a “Buy” rating with a target price of ₹1525, with a 12-month investment horizon.

Results:

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Source: Company website, EWL Research

 

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