IDFC FIRST Bank announced a 76% year-on-year increase in Net Profit After Tax (PAT) for Q2 FY26, reaching ₹352 crore. Total customer business grew by 21.6% YoY. The bank reported stable asset quality with Gross NPA at 1.86% and Net NPA at 0.52%. Customer deposits increased by 23.4% YoY, and the CASA ratio improved to 50.07%.
Financial Performance Highlights
IDFC FIRST Bank reported a strong financial performance for the second quarter of FY26. Key highlights include:
- Total Customer Business: ₹5,35,673 crore, a 21.6% year-on-year increase.
- Net Profit: ₹352 crore, up 76% year-on-year.
Asset Quality
The bank maintained stable asset quality during the quarter:
- Gross NPA: 1.86%
- Net NPA: 0.52%
Deposit Growth
Significant growth in deposits was observed:
- Customer Deposits: ₹2,69,094 crore, a 23.4% year-on-year increase.
- CASA Ratio: Improved to 50.07%
Loan Portfolio
The loan book also experienced substantial growth:
- Loans and Advances: ₹2,66,579 crore, reflecting a 19.7% year-on-year growth.
Key Ratios
- Cost of Funds: 6.23%
- Net Interest Margin: 5.59%
Strategic Focus and Commentary
According to Mr. V Vaidyanathan, MD and CEO, the bank is witnessing improving operating leverage and expects the cost of funds to decrease further. The focus remains on sustaining business growth while maintaining stable asset quality.
Source: BSE
