IDFC First Bank Profit Crosses ₹1,000 Crore Again

reported its Q2 FY27 results today, Oct 24, with net profit (PAT) of ₹1,045 crore, the second straight quarter above ₹1,000 crore. Total deposits grew 25.9% year-on-year to ₹3,48,583 crore, and core operating profit rose 38.5%. The overall picture is positive, though profit is slightly below the previous quarter, and margins and credit costs are the things to watch. The shares will react when markets reopen on Monday, Oct 26. Profit Hits ₹1,045 Crore, Nearly Triple Last Year PAT was ₹352 crore in Q2 FY26, so this is nearly a threefold rise. First-half PAT was ₹2,120 crore, which implies about ₹1,075 crore in Q1, so profit dipped about 3% sequentially. Core Operating Profit Up 38.5 Percent YoY Excluding trading gains, core operating profit reached ₹2,527 crore. Deposits Surge 25.9 Percent on FCNR Inflows Deposits rose 11.8% sequentially. The bank raised ₹34,390 crore in FCNR(B) deposits, mostly of 3-5 year tenor, which management expects to benefit NII, PAT, EPS and RoE. Gross NPA at 1.32%; S&P Assigns BBB- Rating Net NPA is 0.40%. S&P Global Ratings assigned the bank an investment-grade long-term rating of BBB-.