ICICI Bank Q1 preview: Analysts expect profit to rise 40-47% YoY, NII 21%

Analysts expect loan growth to be at 20 per cent YoY at Rs 887,600 crore, up from Rs 738,600 crore last year

ICICI Bank Q1 preview: Analysts have put out extremely optimistic expectations for ICICI Bank's April-June quarter (Q1FY23) results. Four out of five brokerages, including JP Morgan, Edelweiss Securities, and Emkay Global, expect ICICI Bank’s Q1 net profit to soar between 40 per cent and 47 per cent on a year-on-year (YoY) basis, up to Rs 6,790 crore. The same was Rs 4,616 crore in Q1FY22.

Sequentially, this would be a dip of 3.3 per cent from Rs 7,018.7-crore profit reported in Q4FY22. An outlier estimate on the upside by BNP Paribas pegs PAT at Rs 7,806.3 crore, up whopping 69