ICICI Bank Q3 Results Review: Motilal Oswal Reiterates 'Buy' On The Stock, Revises Target Price — Here's Why

ICICI Bank delivered another steady quarter in a highly uncertain environment as credit costs stood at just 37bp, the Q3 slippage rate came in lower than Q1, and the reported RoA was 2.36% (2.37% for 9M FY25)..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.ICICI Bank Ltd. once again reported a healthy performance even in the current challenging environment characterized by controlled provisions, impressive cost control, healthy other income, and stable asset quality (ex-agri). Net interest income growth was in line, while net interest margin contracted 2 bp QoQ. The bank's substantial investment in technology offers some cushion while continued productivity gains have helped maintain a tight leash on cost ratios. A steady mix of high-yielding portfolio and broad-based growth across product lines are enabling profitable growth while maintaining healthy business diversification. Secured asset quality remained stable (ex-agri) with no signs of stress, leading to improvement in the GNPA ratio. The contingency provisioning buffer of Rs 131 billion (1.0% of loans) provides further comfort in case of any future cyclical stress. We tweak our earnings estimates and project RoA/RoE of 2.2%/16.8% in FY27. Reiterate Buy with a revised target price of Rs 1,550 (based on 2.5x FY27E adjusted book value)..Click on the attachment to read the full report:.ICICI Bank Q3 Results: Profit Exceeds Estimates Aided By Rise In NII.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Bank Q3 Results Review: Motilal Oswal Reiterates 'Buy' On The Stock, Revises Target Price — Here's Why

The bank delivered 11% growth in advances during 9MFY25 and remains on track to beat peers and the industry, says the brokerage.

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ICICI Bank Q3 Results Review: Motilal Oswal Reiterates 'Buy' On The Stock, Revises Target Price — Here's Why

The bank delivered 11% growth in advances during 9MFY25 and remains on track to beat peers and the industry, says the brokerage.

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