IDFC First Bank PAT Surges 196.5% YoY to ₹1,045 Cr in Q2 FY27
IDFC FIRST Bank announced its unaudited financial results for Q2 FY27, reporting a Profit After Tax (PAT) of ₹1,045 crore, a significant 196.5% increase year-on-year. For the half-year ended September 30, 2026 (H1 FY27), PAT stood at ₹2,120 crore with a Return on Assets (ROA) of 0.99%. The bank witnessed strong deposit growth of 25.9% YoY to ₹3,48,583 crore and loan growth of 30.1% YoY to ₹3,46,913 crore. CASA ratio remained robust at 48.4%. The bank also successfully mobilized ₹34,390 crore in FCNR(B) deposits, enhancing structural liquidity. Notably, S&P Global Ratings assigned the Bank an investment-grade long-term rating of 'BBB-'. The bank's operating leverage improved, with Opex growth lower than income growth by approximately 500 bps YoY.
Key Highlights
- PAT grew 196.5% YoY to ₹1,045 Cr in Q2 FY27; H1 FY27 PAT at ₹2,120 Cr.
- Total deposits grew 25.9% YoY to ₹3,48,583 Cr; loans grew 30.1% YoY to ₹3,46,913 Cr.
- Mobilized ₹34,390 Cr in FCNR(B) deposits, enhancing structural liquidity.
- S&P Global Ratings assigned an investment-grade rating of 'BBB-'.
- ROA stood at 0.93% for Q2 FY27 and 0.99% for H1 FY27.
Price Impact
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