ICICI Bank Reports Significant Growth in Q2FY25 with 27.32% Increase in Total Consolidated Income

Strategic Insights -

ICICI Bank has reported a substantial increase in its financial performance for the second quarter ended September 30, 2024 (Q2FY25). The bank's consolidated income has risen by 27.32% to Rs 72942.55 crore, while its net profit has increased by 14.47% to Rs 11745.88 crore as compared to the same quarter in the previous year. Additionally, the bank's total income has grown by 17.24% to Rs 47714.04 crore, and its consolidated net profit has risen by 18.83% to Rs 12947.77 crore.

Key Takeaways:

  • The total consolidated income of ICICI Bank increased by 27.32% to Rs 72942.55 crore for Q2FY25 as compared to Rs 57292.26 crore for the corresponding quarter in the previous year.
  • The bank's net profit rose by 14.47% to Rs 11745.88 crore for the quarter ended September 30, 2024 as compared to Rs 10261.00 crore for the same quarter in the previous year.
  • On a consolidated basis, the bank's net profit increased by 18.83% to Rs 12947.77 crore for Q2FY25 as compared to Rs 10896.13 crore for the same quarter in the previous year.
  • The total income of the bank grew by 17.24% to Rs 47714.04 crore for Q2FY25 as compared to Rs 40697.07 crore for the corresponding quarter in the previous year.
  • ICICI Bank's financial performance demonstrates a significant improvement in its consolidated income and net profit.

Statistics:

  • Total consolidated income of ICICI Bank: Rs 72942.55 crore (27.32% increase) for Q2FY25.
  • Net profit: Rs 11745.88 crore (14.47% increase) for the quarter ended September 30, 2024.
  • Consolidated net profit: Rs 12947.77 crore (18.83% increase) for Q2FY25.
  • Total income: Rs 47714.04 crore (17.24% increase) for Q2FY25.
  • Percentage increase in consolidated income, net profit, and total income for ICICI Bank in Q2FY25.

Sources:

  • "ICICI Bank Reports Q2FY25 Results" [1]