Source: Fortune India
ICICI Bank shares had a mixed session on Monday, April 21, scoring a new 52-week high in intraday trade, but then closing the day with negligible gains. Movement that came after the bank reported strough fourth-quarter earnings over the weekend.
Stock Movement
The uptick first came after the bank reported a 15.7% yoy growth in consolidated net profit to ₹13,502 crore for the March quarter.
Despite a strong early rally, shares of ICICI Bank ended nearly flat. The stock rose 2.15% on the BSE to hit a 52-week high of ₹1,437 before closing at ₹1,409.40, up 0.20%. On the NSE, it hit 2.08% higher at ₹1,436 at one point then gave ground to end up only 0.10% at ₹1,408.10.
Q4 Financial Performance
On Saturday ICICI Bank filled with its quarterly earnings that showed the bank’s quarterly performance satisfactory On a standalone basis, ICICI Bank the second-largest private sector lender in India posted a net profit of ₹12,630 crore for the January March period, up 18% from ₹10,708 crore in the corresponding quarter of the previous year.
Core net interest income (NII) increased by 11% year-on-year to ₹21,193 crore, compared to ₹19,093 crore in the same period last year. Non-interest income, excluding treasury operations, rose 18.4% to ₹7,021 crore, showing robust growth in fee-based income.
Asset Quality Improvement
The bank also reported a significant improvement in its asset quality. The gross non-performing assets (GNPA) ratio improved to 1.67% at the end of March 2025, compared to 1.96% in December 2024—indicating better credit management and a healthier loan book.
Wider Market Surge
ICICI Bank’s performance came amid a broader rally in the market. The 30-share BSE Sensex soared 855.30 points or 1.09 per cent to end at 79,408.50 and the NSE Nifty climbed 273.90 points or 1.15 per cent to settle at 24,125.55. Earnings from the bank helped foster a positive tone throughout the financial sector.
Analyst Outlook
Analysts are positive on the outlook of ICICI Bank and believe that the bank’s earnings growth is robust and its asset quality is improving along with balance sheet integrity in interest as well as non-interest income segments. Considering the strong fundamentals and a clearly defined growth strategy, the bank remains a good position to maintain the upward momentum in the subsequent quarters.
