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IDFC First Bank Profit Surges 75.5% Despite Falling Interest Income
21 Oct
Summary
- IDFC First Bank's Q2 FY26 net profit jumps 75.5% YoY to ₹352.31 crore
- Net interest income drops 40% YoY to ₹5,112.57 crore
- Bank's shares rise over 2% on strong earnings performance
In the second quarter of the fiscal year 2026, IDFC First Bank has reported a strong financial performance, with a significant 75.5% year-on-year increase in its standalone net profit. The bank's net profit for Q2 FY26 reached ₹352.31 crore, up from ₹200.69 crore in the same period last year.
However, the bank's net interest income (NII) saw a notable decline of 40% year-on-year, dropping to ₹5,112.57 crore. Despite this drop in NII, the bank's overall profitability has improved substantially, leading to a surge in its share price by over 2% during the trading session on Monday.
The impressive growth in IDFC First Bank's net profit can be attributed to its effective management of operations and strategic initiatives. The bank's ability to maintain profitability despite the challenging interest rate environment has been a key factor in its strong financial performance.
