IDFC First bank - IDFC First Bank Q2FY26 net profit rises 76% to Rs 352 crore as provisions moderate

IDFC First Bank Q2FY26 net profit rises 76% to Rs 352 crore as provisions moderate -

IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank’s CASA ratio crossed 50% for the first time, reflecting improved funding stability. The PAT jump was supported by a 16.2% YoY decline in total provisions to Rs. 1,452 crore, including a sequential fall of 12.5% from Rs. 1,659 crore in Q1. The bank used Rs. 75 crore of its microfinance provision buffer during the quarter, maintaining Rs. 240 crore as contingent provisions. Net interest income rose 6.8% to Rs. 5,113 crore, while fee and other income increased 13.2% to Rs. 1,836 crore. Pre-provisioning operating profit fell 4.2% to Rs. 1,880 crore. DFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank’s CASA ratio crossed 50% for the first time, reflecting improved funding stability. The PAT jump was supported by a 16.2% YoY decline in total provisions to Rs. 1,452 crore, including a sequential fall of 12.5% from Rs. 1,659 crore in Q1. The bank used Rs. 75 crore of its microfinance provision buffer during the quarter, maintaining Rs. 240 crore as contingent provisions. Net interest income rose 6.8% to Rs. 5,113 crore, while fee and other income increased 13.2% to Rs. 1,836 crore. Pre-provisioning operating profit fell 4.2% to Rs. 1,880 crore. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24