ICICI Bank Q1 Results Review - Another Robust Quarter: Dolat Capital

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..Dolat Capital Report.ICICI Bank Ltd. reported a steady quarter with net interest margin at 4.36% (-4 basis points QoQ), contained opex, stable asset quality metrics with slippages at 2%, and healthy loan growth at 3% driving return on asset of 2.4%. Excluding of higher dividend income and increased treasury gains, PAT was in-line.Credit costs stood at 50 bps, after adjustment for release of Rs 3.89 billion AIF provisions. Credit costs guidance retained at 50 bps for FY25. With stable cost of fund QoQ, net interest margin to be range-bound until rate cuts.We tweak estimates and maintain ‘Buy’ rating with SOTP based target price of Rs 1415 (from Rs 1325 earlier), valuing standalone bank at 2.8 times FY26E price/adjusted book value (from 2.7 times earlier) against return on asset/return on equity of 2.1%/17%. Amongst large private banks, ICICI Bank is best placed across key metrics including loan-to-deposit ratio, liability profile and CoF, profitability ratios (RoA/RoE), capital comfort, and provision buffers..Click on the attachment to read the full report:.ICICI Bank Q1 Results Review- RoA Components Moderating From Peak Do Not Change Overall Thesis: Yes Securities.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 Q1 Results Review - Another Robust Quarter: Dolat Capital

Amongst large private banks, ICICI Bank is best placed across key metrics including LDR, liability profile and CoF, profitability ratios, capital comfort, and provision buffers, says the brokerage.

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ICICI Bank Q1 Results Review - Another Robust Quarter: Dolat Capital

Amongst large private banks, ICICI Bank is best placed across key metrics including LDR, liability profile and CoF, profitability ratios, capital comfort, and provision buffers, says the brokerage.

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