In short: IDFC First Bank's Q2 FY27 net interest income rose 21.0% to ₹6,184 crore from a year earlier, and net profit rose 196.5% to ₹1,045 crore. Net interest margin was 5.58%, down 38 bps from the previous quarter. Profit nearly tripled from a year earlier as provisions fell and core income grew, while the margin slipped to 5.58% from 5.96%, partly on FCNR(B)-backed loans.
What changed in IDFC First Bank's Q2 FY27 results
- Net interest income was ₹6,184 crore, up 21.0% from a year earlier and up 3.5% from the previous quarter.
- Net profit was ₹1,045 crore, up 196.5% from a year earlier and down 2.8% from the previous quarter.
- Operating profit before provisions was ₹2,539 crore, up 35.0% from a year earlier and down 0.6% from the previous quarter; provisions were ₹1,137 crore, against ₹1,452 crore a year earlier.
- Net interest margin was 5.58%, down 38 bps from the previous quarter and down 1 bps from a year earlier.
- Net advances were ₹3,35,642 crore, up 30.5% from a year earlier.
- Deposits were ₹3,48,583 crore, up 25.9% from a year earlier and up 11.8% from the previous quarter.
- CASA ratio (period-end) was 47.6%, against 50.8% in the previous quarter and 50.1% a year earlier.
- Gross NPA ratio was 1.32%, against 1.51% in the previous quarter and 1.86% a year earlier; net NPA ratio was 0.40%, against 0.44% in the previous quarter and 0.52% a year earlier. Provision coverage was 70.1%.
- Credit cost for the quarter was 138 bps, as the bank reports it.
- Capital adequacy ratio was 14.67%, against 15.05% a quarter earlier and 14.11% a year earlier.
IDFC First Bank Q2 FY27 results at a glance
| Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY | |
|---|---|---|---|---|---|
| Net interest income (₹ crore) | 6,184 | 5,972 | 5,113 | +3.5% | +21.0% |
| Operating profit (₹ crore) | 2,539 | 2,553 | 1,880 | −0.6% | +35.0% |
| Provisions (₹ crore) | 1,137 | 1,144 | 1,452 | −0.6% | −21.7% |
| Net profit (₹ crore) | 1,045 | 1,075 | 352 | −2.8% | +196.5% |
| Net advances (₹ crore) | 3,35,642 | – | 2,57,101 | – | +30.5% |
| Deposits (₹ crore) | 3,48,583 | 3,11,892 | 2,76,771 | +11.8% | +25.9% |
| Net interest margin | 5.58% | 5.96% | 5.59% | −38 bps | −1 bps |
| CASA ratio (period-end) | 47.6% | 50.8% | 50.1% | −320 bps | −250 bps |
| Gross NPA ratio | 1.32% | 1.51% | 1.86% | −19 bps | −54 bps |
| Net NPA ratio | 0.40% | 0.44% | 0.52% | −4 bps | −12 bps |
| Capital adequacy ratio | 14.67% | 15.05% | 14.11% | −38 bps | +56 bps |
Genvest analysis
Standalone net profit was ₹1,045 crore, almost three times the ₹352 crore of a year earlier, when provisions were ₹1,452 crore; this quarter they were ₹1,137 crore. Profit was 2.8% lower than the June quarter's ₹1,075 crore, when trading gains were ₹181 crore against ₹11 crore now. Core operating profit, which leaves out trading gains, rose 38.5% from a year earlier to ₹2,527 crore, as operating expenses grew 16% against 21.9% growth in income excluding trading gains.
Net interest income rose 21.0% from a year earlier and 3.5% from June to ₹6,184 crore. The net interest margin fell to 5.58% from 5.96% in June, against 5.59% a year earlier; the bank puts the June figure at 5.90% without interest on an income tax refund. It raised ₹34,390 crore of FCNR(B) deposits, the foreign-currency term deposits of non-resident Indians, and lent ₹24,885 crore against them, which enlarged the balance sheet. Of the 32 bps fall from that 5.90%, it attributes 16 bps to those loans and the rest to surplus liquidity, the day count and the asset mix.
Deposits rose 25.9% from a year earlier and 11.8% in the quarter to ₹3,48,583 crore. CASA deposits grew 19.8%, more slowly than term deposits, so the period-end CASA ratio fell to 47.6% from 50.8% in June; excluding FCNR(B) deposits it was 52.8%. Loan assets, including credit substitutes, rose 30.1% to ₹3,46,913 crore, or 20.8% excluding the FCNR(B)-backed loans. S&P Global Ratings gave the bank its first international rating, BBB-, which is investment grade.
Gross NPAs fell to 1.32% from 1.51% in June and 1.86% a year earlier, and net NPAs to 0.40% from 0.44%. Credit cost was 1.38% of average loans and 1.01% of average total assets, against 1.53% and 1.13% in June; it includes ₹100 crore of standard-asset provisions on the FCNR(B)-backed loans, and the bank still holds a ₹515 crore contingency provision. Provision coverage was 70.1%, and capital adequacy 14.67%, against 15.05% in June.
What IDFC First Bank's results mean for fund investors
- Banking funds. Banks are the largest holdings of banking and financial services funds, and each bank moves these funds in proportion to its weight in them. The largest banks carry far more weight than mid-sized ones.
- Index funds. Financial services is the largest sector in the Nifty 50, so results from the biggest banks also reach Nifty 50 index funds.
- One quarter is one data point. Loan growth, margins and bad loans move over several quarters; one results day says little about a fund on its own.
- Overlap. If you hold several banking funds, or bank shares alongside them, check how concentrated you are with the portfolio analyzer.
IDFC First Bank Q2 FY27 results: questions
When did IDFC First Bank announce Q2 FY27 results?
IDFC First Bank announced its Q2 FY27 results on 24 October 2026.
What was IDFC First Bank's Q2 FY27 net profit?
Net profit was ₹1,045 crore, up 196.5% from a year earlier and down 2.8% from the previous quarter.
What was IDFC First Bank's Q2 FY27 net interest income?
Net interest income was ₹6,184 crore, up 21.0% from a year earlier and up 3.5% from the previous quarter.
What was IDFC First Bank's gross NPA in Q2 FY27?
Gross NPA ratio was 1.32%, against 1.51% in the previous quarter and 1.86% a year earlier; net NPA ratio was 0.40%, against 0.44% in the previous quarter and 0.52% a year earlier. Provision coverage was 70.1%.
What was IDFC First Bank's net interest margin in Q2 FY27?
Net interest margin was 5.58%, down 38 bps from the previous quarter and down 1 bps from a year earlier.
Other bank Q2 FY27 results
- RBL Bank Q2 FY27 results · 12 October 2026 · net profit +169.9% YoY
- HDFC Bank Q2 FY27 results · 17 October 2026 · net profit +4.7% YoY
- ICICI Bank Q2 FY27 results · 17 October 2026 · net profit +20.1% YoY
- Axis Bank Q2 FY27 results · 17 October 2026 · net profit +37.6% YoY
- IndusInd Bank Q2 FY27 results · 23 October 2026 · net profit against a ₹445 crore loss a year earlier
- Kotak Mahindra Bank Q2 FY27 results · 24 October 2026 · net profit +29.5% YoY
- IDFC First Bank Q2 FY27 results · 24 October 2026 · net profit +196.5% YoY
All bank Q2 FY27 results in one place
Sources
- IDFC First Bank: Q2 FY27 standalone and consolidated results, 24 October 2026
- IDFC First Bank: Q2 FY27 press release, 24 October 2026
- IDFC First Bank: Q2 FY27 investor presentation, 24 October 2026
- IDFC First Bank: Q1 FY27 press release, 25 July 2026
- IDFC First Bank: Q2 FY26 press release, 18 October 2025
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