IDFC First Bank Q2 Results: Net Profit Surges More Than 75%, NII Up 7%
However, the operating profit declined 4% to Rs Rs 1,880 crore from Rs 1,962 crore.
IDFC First Bank Ltd.'s net profit for the second quarter of FY26 soared 75.5%, year-on-year. The bank reported a bottom-line of Rs 352 crore against Rs 201 crore in the same quarter last year.
Net Interest Income (NII) stood at Rs 5,113 crore up 7% from Rs 4,788 crore in the year-ago period. However, the operating profit declined 4% to Rs 1,880 crore from Rs 1,962 crore.
Gross NPA decreased to 1.86% sequentially from 1.97%, and Net NPA also saw a marginal decrease to 0.52% from 0.55% in the previous quarter.
Loans and advances increased 20% year-on-year to Rs 2.66 lakh crore whereas, CASA deposits or Current Account and Savings Account deposits stood at 1.38 lakh crore, up 27% from the same period last fiscal. Further, customer deposits also saw a 23% rise to Rs 2.69 lakh crore.
IDFC First Bank Q2 Highlights
Net Profit up 75.5% at Rs 352 crore versus Rs 201 crore (YoY)
Operating Profit down 4% at Rs 1,880 crore versus Rs 1,962 crore (YoY)
NII up 7% at Rs 5,113 crore versus Rs 4,788 crore (YoY)
Gross NPA at 1.86% versus 1.97% (QoQ)
Net NPA at 0.52% versus 0.55% (QoQ)
IDFC First Share Price On Friday
Shares of IDFC First Bank closed 0.13% higher at Rs 71.88 on NSE, compared to a 0.49% advance in the Nifty index on Friday. The scrip has risen 13.84% on a year-to-date basis, and is up 0.20% in the last 12 months.
