ICICI Prudential Life Insurance to focus on growing absolute VNB amid slump in FY24
ICICI Bank moved lower in a quarterly results development for FY24.
7 Oct 2026 · Moneycontrol Business
In its Q4FY24 results, the company#39;s VNB fell 19.45 percent to Rs 2,227 crore for…
Key facts
- Period
- FY24 and Q4FY24
The analysis
ICICI Bank reported Rs 2,227 crore for FY24, with movement of 19.45% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.9% on the day at ₹1,355.20, and has returned -4.7% over three months. It sits 7% below its 52-week high. The banks sector has moved -4.0% over the same period, so ICICI Bank is running 0.7 points behind its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks, Insurance.
- The immediate tone of coverage reads negative.
In this story
Related coverage
ICICI Pru Life Q4 net profit falls 26% to Rs 174 cr, insurer announces dividend
Indian banks face a Q2 paradox: FCNR boosts loan growth but margins shrink
Banks vs NBFCs: Which stocks could benefit as RBI set to hike rates for the first time in 3 years?
Invesco and Motilal Oswal lead AUM growth in Q2 FY27, shows data
HDFC Bank shares drop 15% in 3 months since Q1 results. Will Q2 earnings bring redemption as leadership cloud clears?