IDFC FIRST Bank Q2 FY27 Results: Net Profit Nearly Triples To ₹1,045 Crore As Income Rises And Asset Quality Improves

IDFC FIRST Bank reported a sharp rise in profit for the September quarter of the 2026–27 financial year. Standalone net profit increased to ₹1,044.60 crore in the second quarter, compared with ₹352.31 crore in the same period last year. The results were approved by the bank’s board on 24 October 2026.

IDFC FIRST Bank’s total income rose to ₹14,217.78 crore from ₹11,828.34 crore a year earlier. The figures indicate stronger income generation, although higher interest costs and operating expenses continued to affect the bank’s performance.

IDFC FIRST Bank Q2 Income And Profit Grow

Interest earned during the quarter increased to ₹11,921.75 crore, against ₹9,936.89 crore in the corresponding quarter last year. Other income also grew to ₹2,296.03 crore from ₹1,891.45 crore.

However, interest expenses climbed to ₹5,737.34 crore from ₹4,824.33 crore. Operating expenses increased to ₹5,941.91 crore, compared with ₹5,123.91 crore a year earlier.

Operating profit before provisions and contingencies stood at ₹2,538.53 crore. This was higher than ₹1,880.10 crore in the September quarter of the previous financial year.

Provisions and contingencies declined to ₹1,136.95 crore from ₹1,451.88 crore. Profit before tax consequently rose to ₹1,401.58 crore, against ₹428.22 crore in the year-ago quarter.

For the half year ended 30 September 2026, standalone net profit reached ₹2,119.56 crore. This compared with ₹814.88 crore in the corresponding period last year.

Asset Quality Improves As Deposits And Advances Expand

The bank’s asset quality indicators improved during the quarter. Gross non-performing assets (NPAs) fell to 1.32% of gross advances as at 30 September 2026, from 1.86% a year earlier. Net NPAs declined to 0.40% from 0.52%.

Deposits increased to ₹3,48,583.43 crore at the end of September 2026, compared with ₹2,76,771.32 crore a year earlier. Advances also expanded to ₹3,35,642.10 crore from ₹2,57,100.66 crore.

The bank reported a capital adequacy ratio of 14.67%, against 14.11% in the corresponding period last year. Earnings per share stood at ₹1.21 for the quarter.

The results suggest that stronger income, lower provisions and improved asset quality supported profitability. Investors will continue to monitor deposit growth, funding costs, credit quality and operating expenses to assess whether the bank can sustain its performance in subsequent quarters.

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