ICICI Bank’s September-quarter results show higher profit, but two different profit figures need to be read on their own accounting bases. The bank reported standalone profit after tax of ₹14,843 crore, up 20.1% year on year. Consolidated profit, covering the group rather than the bank alone, was ₹16,333 crore, up 22.3%.
The results released on 17 October cover the quarter ended 30 September 2026, the second quarter of FY2026–27. Net interest income (NII)—interest earned less interest paid—rose 17.7% to ₹25,339 crore on the standalone basis. NII is not total income or net profit.
| Check | Verified detail | Primary evidence |
|---|---|---|
| Period | Quarter ended 30 September 2026; released 17 October 2026 | Issuer document |
| Standalone profit after tax | ₹14,843 crore; year-earlier ₹12,359 crore; up 20.1% | Issuer document |
| Consolidated profit after tax | ₹16,333 crore; year-earlier ₹13,357 crore; up 22.3% | Issuer document |
| Standalone NII | ₹25,339 crore; year-earlier ₹21,529 crore; up 17.7% | Issuer document |
| Standalone net interest margin | 4.18%; year-earlier 4.30%, preceding quarter 4.36% | Issuer document |
| Standalone core operating profit | ₹20,805 crore; up 21.8% year on year | Issuer document |
Profit growth is not the same as margin expansion
The reported net interest margin, an annualised measure of net interest earnings relative to interest-earning assets, was lower even as NII increased. The year-earlier comparison fell by 0.12 percentage point: 4.18% − 4.30% = −0.12 percentage point, or 12 basis points. A growing rupee amount and a lower percentage margin can therefore coexist; they measure different things.
Keep the bank and the group separate
Standalone accounts describe the bank itself. Consolidated accounts include relevant group entities and consolidation adjustments. The ₹14,843 crore and ₹16,333 crore figures are not competing versions of the same standalone number, and should not be added together. The presentation expresses amounts in ₹billion: multiplying by 100 converts them to ₹crore, so ₹148.43 billion becomes ₹14,843 crore.
What readers should check next
Compare future NII, funding costs, provisions and margins on the same reporting basis and period. These are reported historical results, not a forecast of the share price. No analyst-consensus beat or miss, trading return or post-results market reaction has been verified for this report. Figures in the table are rounded as in the bank’s presentation; the signed filing gives greater precision.
Related explanation: why M&T’s total profit and per-share earnings moved differently. Its US reporting measures are not this Indian bank’s figures.
Sources and reporting limits
Official issuer record 1 · Official issuer record 2
Source documents checked: . This records the source check, not a live market quote or a later article update.
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