IDFC First Bank News

IDFC First Bank Q2FY27 Results: Net Profit Jumps 196.5% YoY to ₹1,045 Crore

Net profit increased 196.5% YoY to approximately ₹1,045 crore in Q2FY27, compared with ₹352 crore a year earlier. Total income rose to approximately ₹14,218 crore from ₹11,828 crore. Net interest income grew 21% YoY to ₹6,184 crore, while core operating profit increased 38.5% to ₹2,527 crore. Net interest margin declined from 5.90% QoQ to 5.58%, partly because of FCNR(B).linked lending and surplus liquidity. Gross NPA improved to 1.32%, while management expects NIM to recover toward 5.8% by Q4FY27

IDFC First Bank Q2FY27 Net Profit Rises 196% YoY

IDFC First Bank reported a standalone net profit of ₹104.46 crore for Q2FY27, up 196% YoY. Interest income grew 19.97%, while gross NPAs improved to 1.32%.