ICICI Bank Limited (IBN) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, we welcome you all to ICICI Bank's results conference call with Mr. Sandeep Batra, Executive Director, ICICI Bank and Mr. Anindya Banerjee, Group Chief Financial Officer, ICICI Bank. Mr. Batra will now give you an overview of the results which will be followed by a Q&A session. Thank you and over to you sir. Thank you. Good evening everyone and thank you all for joining us today. I know it's going to be a busy afternoon for all of you. Amidst the global uncertainties, the Indian economy continues to be resilient as reflected in high-frequency indicators backed by various initiatives taken by policymakers. We continue to monitor the developments closely and remain focused on a long-term strategy aligned with India's evolving economic landscape. At Ajay Chah Bank, our strategy focus continues to be on growing profit before tax, excluding treasury, through the 360 degree customer centric approach and by serving opportunities across ecosystems and micro markets. We continue to operate within the framework of our value systems and our franchise. Maintaining high standards of governance, deepening coverage and enhancing delivery capabilities with a focus on simplicity and operation are key drivers for our risk calibrated profitable growth. Our board has approved the financial results of ICICI Bank for the quarter ended June 30th, 2026. I would like to highlight some of the key numbers. First, moving on to profit and capital. One, the net interest income grew by 12.7% year-on-year to Rs. 24,384 crore in Q1 2027. Net interest margin was 4.36% in Q1 2027 compared to 4.32% in Q4 2026. Free income grew by 23.5% year-on-year to Rs.7,286 crore in Q1,2027. Operating expenses grew by 10.4% year-on-year to Rs.6,574 crore in Q1,2027. Core operating profit grew b...