IDFC First Bank announced its Q2 FY27 financial results

The September 2026 quarter revenue stood at Rs. 119217.50 millions, up 19.97% as compared to Rs. 99368.90 millions during the corresponding quarter last ***** Net Profit of the company vaulted to 196.50% to Rs. 10446.00 millions from Rs. 3523.10 millions in the previous quarter. Outlook: - Profit After Tax (PAT) Surged 196.5% YoY to Rs. 1,045 crore, compared to Rs. 352 crore in the corresponding quarter last year. This marks the bank's second consecutive quarter crossing the ₹1,000 crore profit milestone. - The company reduced its provisions and contingencies to Rs. 1,137 crore, down from Rs. 1,452 crore in the year-ago period. - A sequential decline brought the Net Interest Margin (NIM) down to 5.6% from 5.96% in Q1 FY27, largely due to the impact of foreign currency non-resident bank (FCNR(B)) deposits. - Loans & Advances: Climbed 30.1% YoY to Rs. 3,46,913 crore. Core domestic loans rose by 20.4% YoY

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