HDFC Bank, ICICI Bank Q4 FY26: timings, dividend watch

A weekend results day for two banking heavyweights

HDFC Bank Ltd and ICICI Bank Ltd are set to announce their fourth-quarter earnings for FY 2025-26 on Saturday, April 18, 2026. Both lenders are expected to release their numbers in the afternoon, ahead of their scheduled management calls. With markets shut for the weekend, investors and analysts will have time to parse the results before trading resumes on Monday, April 20. The announcements matter because these two banks are among the largest index constituents and often set the tone for the private banking space. Expectations also extend beyond headline profit to commentary on growth, margins, and asset quality. Dividend decisions are another key point on the day’s agenda for both banks’ boards. Yes Bank is also set to declare its Q4 results on April 18, keeping the focus on private lenders through the weekend.

What investors will watch first: result timing and calls

The scorecards are expected in the afternoon, well ahead of the conference calls scheduled later in the day. HDFC Bank’s earnings call for analysts and investors has been moved to 4 pm from the previously scheduled 6 pm. ICICI Bank has scheduled an earnings call with analysts and investors at 5 pm. Separately, ICICI Bank has also said it will host a conference call with media at 4 pm on April 18 to discuss the financial results. With the market closed, the order of events could influence how the numbers are interpreted over the weekend. Investors typically look for management guidance, margin commentary, and any forward-looking operational updates during these calls. Any dividend recommendation, if announced, can also shape sentiment ahead of Monday.

HDFC Bank board agenda: results, dividend, record date

HDFC Bank told stock exchanges its board will meet on April 18 to consider audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The agenda includes the recommendation of dividend, if any, for FY 2025-26, including fixation of the record date for the same. In another filing referenced in the coverage, the bank also indicated the board may consider issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II capital bonds, and long-term bonds for financing infrastructure sub-sectors over the next twelve months through private placement. Investors will likely treat any capital-raising plan as part of the broader discussion on growth and balance-sheet strategy. The weekend schedule means all of these developments will be processed without intraday price moves. The key takeaway is that April 18 has both earnings and board-level decisions bundled into one event.

HDFC Bank: leadership context and the main estimate ranges

This will be HDFC Bank’s first earnings report since the mid-March resignation of Atanu Chakraborty, who stepped down as the part-time chairman and independent director. Against that backdrop, brokerages have outlined expectations for a steady quarter. Nirmal Bang projects net interest income (NII) to rise 6.2% year-on-year to ₹34,058.4 crore, with profit after tax (PAT) up 4.7% year-on-year to ₹18,450 crore. PL Capital is more optimistic, estimating NII at ₹34,402.1 crore, up 9.7% year-on-year, and PAT at ₹20,192.1 crore, up 19.4% year-on-year. Axis Direct expects NII of ₹33,835 crore, up 5.5% year-on-year, and net profit of ₹19,428 crore, up 10.3% year-on-year. Axis Direct also said credit growth is improving and deposit growth remains strong, which could keep net interest margins broadly stable on a sequential basis.

ICICI Bank board agenda: results, dividend and fundraising review

ICICI Bank’s board is meeting on April 18 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The bank has said the board may also recommend a dividend, if any, for the financial year ending March 31, 2026. In addition, the board is expected to review fundraising proposals, as referenced in the coverage. The lender has not confirmed an exact time for the results, though reports indicate earnings may be announced during market hours. ICICI Bank has formally communicated the day’s schedule for interactions, including a 4 pm media briefing and a 5 pm earnings call for analysts and investors. That sequencing means investors may first hear management’s framing of the quarter before the analyst Q&A. As with HDFC Bank, dividend language remains conditional and will depend on the board’s recommendation.

ICICI Bank: what brokerages are building into Q4 estimates

Brokerage estimates suggest steady NII growth, while profit expectations vary across firms. Nirmal Bang estimates ICICI Bank’s NII at ₹22,918.1 crore, up 8.1% year-on-year, and PAT at ₹12,390.8 crore, down 1.9% year-on-year. PL Capital pegs NII at ₹22,781.8 crore, up 8.1% year-on-year, and PAT at ₹12,290.8 crore, down 2.7% year-on-year. Axis Direct expects NII at ₹22,674 crore, up 7.0% year-on-year, and PAT at ₹12,726 crore, up 0.8% year-on-year. Separately, Mirae Asset Sharekhan expects broadly stable margins for ICICI Bank, in the range of plus or minus 2 basis points. The board’s parallel review of fundraising proposals adds another line item for investors tracking capital planning. Together, these estimates frame a quarter where core income is expected to expand, while profit outcomes are sensitive to other moving parts.

Key numbers and schedule at a glance

The table below summarises the timings and the estimate ranges cited by brokerages in the provided information.

Market context: what else is in focus around the results

The results arrive after a week where Sensex and Nifty ended higher, marking a second consecutive weekly gain, as referenced in the coverage. The same reports noted Nifty is eyeing the 24,800 level, with immediate support at 24,200. Because the earnings are announced on a Saturday, the market reaction will be deferred to the next trading day. Investors will also track any incremental details on dividend intent and timelines, given both banks have put dividend consideration on the board agenda. Another practical point is trading restrictions around results: as per the referenced reporting, HDFC Bank’s trading window for designated employees and their immediate relatives is closed from March 25 to April 20, and ICICI Bank’s trading window is closed from April 1 to April 20. Those dates underscore that Monday’s open comes immediately after the scheduled results day. With multiple private lenders, including Yes Bank, also reporting around the same window, sector-level sentiment could be shaped by the combined set of disclosures and management commentary.

Why the Saturday announcements matter for Monday’s open

Weekend result releases can compress the market’s response into the next session, especially for index-heavy stocks. Investors typically compare reported NII and profit against estimate ranges, and then look to the calls for margin and growth commentary. For HDFC Bank, the first results since the resignation of Atanu Chakraborty add an additional layer of attention to governance and board-level updates, even as the financial scorecard remains the primary driver. For ICICI Bank, the combination of dividend discussion and a stated review of fundraising proposals makes the board outcome relevant alongside earnings. The next clear checkpoint after the results is the management communication on April 18 itself, via scheduled calls. The market will then price in the full set of information when trading resumes on April 20. Until then, investors have a defined set of timings and estimate bands to anchor expectations.