IDFC FIRST Bank Q2 FY27 Results

IDFC FIRST Bank’s Q2 FY27 results cover the quarter ended 30 September 2026. PAT topped ₹1,000 crore, while NII and operating profit grew year on year and NPA ratios declined.

• PAT rose 196.5% to ₹1,045 crore.
• NII increased 21.0% to ₹6,184 crore.
• Total deposits reached ₹3,48,583 crore.
• Total loan assets reached ₹3,46,913 crore.
• GNPA declined to 1.32%.
• NNPA declined to 0.40%.

However, net interest margin moderated during the quarter. Profitability, margins, provisions, deposit growth and asset quality should therefore be considered together when reading the results.

IDFC FIRST Bank Q2 FY27 results showed year-on-year growth in profit, income, deposits and loan assets. Profit after tax (PAT) increased 196.5% to ₹1,045 crore from ₹352 crore in Q2 FY26.

PAT was 2.8% lower than ₹1,075 crore in Q1 FY27. Core operating profit, excluding trading gains, increased 6.6% sequentially.

Source: IDFC FIRST Bank Limited. 

Last updated: 28 October 2026.

IDFC FIRST Bank's PAT increased 196.5% year on year to ₹1,045 crore in Q2 FY27. Higher core income and lower provisions supported the increase.

Net interest income rose 21.0% from ₹5,113 crore in Q2 FY26 to ₹6,184 crore. Fee and other income increased 24.5% to ₹2,285 crore.

Core operating profit, which excludes trading gains, increased 38.5% to ₹2,527 crore. Provisions declined 21.7% year on year to ₹1,137 crore.

The quarter therefore had two earnings supports: operating profit increased while provisions declined.

Sequentially, the picture was different. PAT fell 2.8% from ₹1,075 crore in Q1 FY27. This shows why both year-on-year and quarter-on-quarter comparisons matter.

For an explanation of profit attributable to each share, see EPS.

Source: IDFC FIRST Bank Limited. 

Last updated: 28 October 2026.

IDFC FIRST Bank's total deposits reached ₹3,48,583 crore on 30 September 2026. This was 25.9% higher year on year and 11.8% higher quarter on quarter.

Customer deposits stood at ₹3,41,415 crore. Certificates of deposit accounted for ₹7,168 crore.

CASA deposits reached ₹1,65,963 crore, up 19.8% year on year. The average CASA ratio was 48.4%.

The bank also mobilised ₹34,390 crore of Foreign Currency Non-Resident Bank, or FCNR(B), deposits during Q2 FY27.

Total loan assets reached ₹3,46,913 crore, up 30.1% year on year. This included ₹24,885 crore of loans backed by FCNR(B) deposits.

Excluding FCNR(B)-backed loans, loan assets grew 20.8% year on year. On a gross-of-IBPC basis, growth excluding these loans was 22.2%.

This distinction matters. The headline 30.1% loan-asset growth includes the effect of the FCNR(B)-linked lending programme.

Source: IDFC FIRST Bank Limited. 

Last updated: 28 October 2026.

IDFC FIRST Bank's gross and net NPA ratios declined during Q2 FY27.

Gross non-performing assets stood at 1.32% on 30 September 2026. This was lower than 1.51% on 30 June 2026 and 1.86% a year earlier.

Net non-performing assets declined to 0.40%. They stood at 0.44% in Q1 FY27 and 0.52% in Q2 FY26.

The bank's credit cost, measured as a percentage of average assets, was 1.01% in Q2 FY27.

Provisions were ₹1,137 crore. This included ₹100 crore of standard-asset provisions on FCNR(B)-backed loans.

Lower NPA ratios indicate reduced reported stressed assets relative to the loan book. However, you should also consider provisions and credit costs before assessing the overall asset-quality trend.

Source: IDFC FIRST Bank Limited.

Last updated: 28 October 2026.

IDFC FIRST Bank's net interest margin moderated to 5.58% in Q2 FY27. It was 5.90% in Q1 FY27 after excluding interest on an income-tax refund.

The sequential decline was approximately 32 basis points.

The bank said average earning assets expanded because of FCNR(B)-backed loans. Excess liquidity, the number of days in the quarter and changes in asset mix also affected the reported margin.

Despite the lower NIM, net interest income increased 21.0% year on year to ₹6,184 crore.

Operating income excluding trading gains increased 21.9% to ₹8,469 crore. Operating expenses rose 16.0% to ₹5,942 crore.

As a result, core operating profit increased 38.5% to ₹2,527 crore. The core cost-to-income ratio declined to 70.2% from 73.7% in Q2 FY26.

This shows the trade-off: reported NIM declined, while NII and core operating profit continued to increase.

Source: IDFC FIRST Bank Limited. 

Last updated: 28 October 2026.

Investors can track five areas after the IDFC FIRST Bank Q2 FY27 results: profitability, margins, deposits, asset quality and capital.

Profitability: PAT crossed ₹1,000 crore for the second consecutive quarter. H1 FY27 PAT stood at ₹2,120 crore.

Margins: Q2 FY27 NIM was 5.58%. The bank's October 2026 presentation showed an estimated recovery towards about 5.80% by Q4 FY27. This is a management estimate, not a guaranteed outcome.

FCNR(B) deposits: The bank mobilised ₹34,390 crore during Q2 FY27. These deposits increased liquidity and supported FCNR(B)-backed lending, while also reducing reported NIM through the larger balance-sheet denominator.

Asset quality: GNPA declined to 1.32%, while NNPA declined to 0.40%.

Capital: The Common Equity Tier 1 ratio was 13.00% on 30 September 2026. The total capital adequacy ratio was 14.67%.

Future profitability can differ from management estimates because interest rates, credit costs, regulation and business conditions can change.

Source: IDFC FIRST Bank Limited. 

Last updated: 28 October 2026.

IDFC FIRST Bank Q2 FY27 results showed higher year-on-year profit, income and loan assets, along with lower NPA ratios. PAT reached ₹1,045 crore and NII reached ₹6,184 crore, while GNPA declined to 1.32%. However, NIM moderated to 5.58%. When assessing the quarter, investors should consider profitability, operating leverage, deposit composition, margins, provisions, asset quality and capital together rather than relying on one headline number.