IDFCFIRSTB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IDFC First Bank reported Q2 FY26 net profit of Rs. 352 crore, up 76% year-on-year but down 23.8% quarter-on-quarter; the sequential fall is largely explained by much lower trading gains (Rs. 56 crore in Q2 vs Rs. 495 crore in Q1), with PAT actually up on a core profitability basis. Total customer business grew 21.6% YoY to Rs. 5,35,673 crore, driven by loans up 19.7% YoY (Rs. 2,66,579 crore) and customer deposits up 23.4% YoY (Rs. 2,69,094 crore). CASA ratio improved sharply to 50.07% (up 119 bps YoY) and cost of funds fell to 6.23%, though net interest margin compressed to 5.59% (down 59 bps YoY). Asset quality held steady with Gross NPA at 1.86% and Net NPA at 0.52%, microfinance stress eased (MFI book down 41.6% YoY), and provisions fell 12.5% QoQ to Rs. 1,452 crore. Capital adequacy stood at 14.34%, set to rise to 16.82% after conversion of Rs. 7,500 crore CCPS into equity.
Positives for shareholders: strong double-digit loan and deposit growth, healthy CASA mix, improving asset quality, easing microfinance stress, and an upcoming capital infusion that will bolster the balance sheet. Watch-outs: continued NIM compression and a QoQ profit dip that, while driven by one-off trading gains normalising, may draw short-term investor attention.