ICICI Bank Q2 profit beats estimates on strong loan growth

What happened: ICICI Bank (NSE:ICBK) reported a stronger-than-expected quarterly profit, supported by robust loan growth, higher interest income and improved asset quality. Key numbers: Net profit rose 20.1% to 148.43 billion rupees from 123.59 billion rupees a year earlier, above the 143.65 billion rupee analyst estimate. Net interest income rose 17.7% to 253.39 billion rupees. Why it matters: Profit exceeded the average analyst estimate, while the narrower net interest margin highlights pressure on lending profitability amid rapid balance-sheet expansion. Coverage: 3 outlets in 24h

ICICI Bank (NSE:ICBK) reported a stronger-than-expected quarterly profit, supported by robust loan growth, higher interest income and improved asset quality.

Profit exceeded the average analyst estimate, while the narrower net interest margin highlights pressure on lending profitability amid rapid balance-sheet expansion.