- ICICI Bank reported Q4FY26 net profit of Rs 13,702 crore, up 8.4% year-on-year
- Strong loan growth and lower provisions aided the bank's quarterly performance
- The bank declared a dividend of Rs 12 per equity share for FY26
Shares of ICICI Bank Ltd are in focus after the private sector lender reported a strong set of Q4FY26 results, surpassing market expectations. The bank posted an 8.4% year-on-year increase in standalone net profit at Rs 13,702 crore. This compares with Rs 12,629.5 crore in the same quarter last year. The results were aided by strong loan expansion and a decline in provisions set aside for stressed assets. The bank also announced a dividend of Rs 12 per equity share for FY26.
ICICI bank shares rose over 1.5% at open, and is currently trading 1.11% higher at Rs 1.361.80 apiece.
Brokerages remain broadly positive on ICICI Bank following its Q4 performance, citing accelerating loan growth, stable margins and benign asset quality as key positives. Citi maintained a Buy rating with a target price of Rs 1,720, highlighting near-zero credit costs as the primary driver behind the earnings beat. Morgan Stanley also reiterated an Overweight rating with a target of Rs 1,705, calling ICICI Bank its preferred bet among Indian financials.
Kotak Securities and Jefferies retained their Buy recommendations but struck a more nuanced tone. Kotak, with a target of Rs 1,800, termed the quarter a solid all-round performance supported by stable margins and lower provisions. Jefferies, which set a target of Rs 1,670, pointed to a pickup in loan growth led by corporate and business banking, stable asset quality and positive surprises from corporate recoveries.
Of the 50 analysts tracking the stock, a majority of 48 analysts have a 'buy' call, while two have a 'hold' rating on the stock, with an average upside potential of 22.9%.
ALSO READ: ICICI Bank Q4 Review: Brokerages Retain 'Buy' Calls — Check Target Prices, Risks, Outlook
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