Home / Business and Economy / IDFC First Bank Sees Profit Surge 197% in Q2

IDFC First Bank Sees Profit Surge 197% in Q2

24 Oct

Summary

Net profit surged 196.8% to Rs 1,045 crore in Q2 FY27.
Net interest income climbed 21% to Rs 6,184 crore year-on-year.
Operating profit increased 35% to Rs 2,539 crore in the September quarter.

IDFC First Bank announced its financial results for the July to September quarter of fiscal year 2027 on Saturday, October 24. The lender experienced a substantial surge in net profit, which climbed by 196.8% to Rs 1,045 crore. This marks a significant improvement from the Rs 352 crore recorded in the corresponding period of the prior fiscal year.

Furthermore, the bank's net interest income (NII) demonstrated healthy expansion, rising by 21% to Rs 6,184 crore during the second quarter. This growth compares favorably to the Rs 5,113 crore generated in the same quarter last year.

The lender's operating profit also showed strong momentum, jumping 35% to Rs 2,539 crore in the September quarter, up from Rs 1,889 crore in the corresponding period of fiscal year 2026. Provisions were reduced to Rs 1,137 crore in the period under review, down from Rs 1,452 crore in the second quarter of fiscal year 2026.

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