ICICI Bank Q2 Results Preview: Profit To Stay Flat As Margins Narrow, Asset Quality Stays Strong; NIM In Focus

Today, October 18, ICICI Bank is prepared to release its financial results for the quarter that ended in September 2025. According to several brokerages, the private lender is anticipated to report steady growth this quarter, bolstered by robust credit expansion and solid asset quality, despite the possibility that repo rate dynamics would cause Net Interest Margins (NIMs) to shrink. The bank's net profit is expected to be relatively stable YoY, according to analysts, but its operational performance may deteriorate over time due to lower treasury gains and modest operating expenses.

ICICI Bank Q2 Results Preview By InCred Equities

The bank is anticipated to record Net Interest Income (NII) of Rs 21,200 crore in Q2FY26, which would represent a 5.6% YoY gain, although a 0.5% QoQ decline. It is anticipated that Pre-Provision Operating Profit (PPOP) will be Rs 17,200 crore, up 2.9% YoY but down 8.2% quarter on quarter. Profit After Tax (PAT) is predicted to drop 2.2% YoY and 10.1% sequentially to Rs 11,500 crore, reflecting pressure on margins.

The net interest margin (NIM), which is down 18 basis points QoQ and 11 basis points YoY, is probably going to moderate to 4.16%. Credit costs are expected to be steady at 54 basis points, up 14 basis points from the year before. Despite margin compression, advances on the balance sheet are expected to expand by Rs 13,97,900 crore, showing a robust 9.4% YoY and 2.5% QoQ growth.

ICICI Bank Q2 Results Preview By Axis Direct

With Net Interest Income (NII) projected at Rs 21,186 crore, up 5.7% YoY but down 2.1% sequentially as a result of margin compression from repo rate fluctuations, ICICI Bank is anticipated to report steady performance in Q2FY26. Non-interest income is expected to reach Rs 7,553 crore, up 5.2% YoY, although it may fall 11.2% quarter on quarter due to lower treasury gains.

Pre-Provision Operating Profit (PPOP), which is expected to reach Rs 17,208 crore, represents a 2.9% YoY increase but an 8.2% QoQ decline due to low operating expenses. A normalization trend is shown by the estimated provision of Rs 1,711 crore, which is higher by 38.8% YoY. As a result, net profit is expected to be Rs 11,669 crore, down 8.6% QoQ and nearly flat YoY (-0.7%).

It is expected that the earnings per share (EPS) would be Rs 16.4. Although margins may experience some pressure, overall business growth at ICICI Bank is anticipated to continue to be robust with steady loan-to-deposit ratios. Management's comments on the NIM outlook, growth trajectory, and developments in the unsecured loan portfolio are important metrics to track.