ICICI Bank Limited (NYSE:IBN) Q2 2025 Earnings Conference Call October 26, 2024 8:00 AM ET
Company Participants
Sandeep Bakhshi - Managing Director and Chief Executive Officer
Anindya Banerjee - Group Chief Financial Officer
Conference Call Participants
Mahrukh Adajania - Nuvama Wealth
Rikin Shah - IIFL Securities
Piran Engineer - CLSA India
Kunal Shah - Citigroup
Nitin Aggarwal - Motilal Oswal
Param Subramanian - Nomura Securities
Abhishek Murarka - HSBC
Sandeep Bakhshi
Thank you. Good evening to all of you, and welcome to the ICICI Bank Earnings Call to discuss the results for Q2 of Financial Year 2025. Joining us today on this call are Sandeep Batra, Rakesh, Ajay, Anindya, and Abhinek.
The Indian economy remains resilient based on its long-term growth drivers, and the actions and initiatives of the policymakers. The global and domestic inflation, liquidity, and rate environment continue to evolve, and we would continue to monitor the same.
At ICICI Bank, our strategic 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 our strategic framework to strengthen our franchise. Maintaining high standards of governance, deepening coverage and enhancing delivery capabilities are focus areas for our risk-calibrated profitable growth.
The profit before tax excluding treasury grew by 7.9% year-on-year and 5.2% quarter-on-quarter to 148.10 billion Rupees in this quarter. The core operating profit increased by 12.1% year-on-year, and 4.1% quarter-on-quarter to 160.43 billion Rupees in this quarter. Excluding dividend income from subsidiaries and associates, the core operating profit increased by 13.4% year-on-year and 6.8% quarter-on-quarter to 155.02 billion Rupees in this quarter. The profit after tax grew by 14.5% year-on-year and 6.2% quarter-on-quarter to 117.46 billion Rupees in this quarter.
Total deposits grew by 15.7% year-on-year and 5.0% sequentially at