IDFC First Bank Q2 FY27 Results: Consolidated Net Profit ₹1,049 Crore on Total Income of ₹14,228 Crore
Earnings
Banking
Blacklitt Research3 min read
IDFC First Bank (NSE: IDFCFIRSTB) reported consolidated total income of ₹14,228.46 crore and net profit of ₹1,049.17 crore for the quarter ended 30 Sep 2026, it said in a filing on 24 Oct 2026. Standalone total income was ₹14,217.78 crore and standalone net profit ₹1,044.60 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹14,228.46 crore, up 20.3% YoY and 6.5% QoQ
Net profit and EPS: ₹1,049.17 crore, up 201.7% YoY; basic EPS ₹1.22
Tax expense: ₹363.32 crore, 25.7% of profit before tax
Other income: ₹2,305.17 crore, 16.2% of total income
Standalone
The company on its own, without its subsidiaries
Total income: ₹14,217.78 crore, up 20.2% YoY and 6.4% QoQ
Net profit and EPS: ₹1,044.60 crore, up 196.5% YoY; basic EPS ₹1.21
Tax expense: ₹356.98 crore, 25.5% of profit before tax
Other income: ₹2,296.03 crore, 16.1% of total income
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
14,228.46
11,828.41
+20.3%
13,360.69
+6.5%
Revenue from operations
11,923.29
9,936.93
+20.0%
11,051.09
+7.9%
Other income
2,305.17
1,891.48
+21.9%
2,309.60
-0.2%
1,049.17
347.80
+201.7%
1,147.82
-8.6%
Tax expense
363.32
75.91
+378.6%
333.73
+8.9%
Net profit margin
7.37%
2.94%
+4.43 pp
8.59%
-1.22 pp
Tax as share of profit before tax
25.7%
17.9%
+7.81 pp
22.5%
+3.20 pp
EPS, basic (₹)
1.22
0.35
+248.6%
1.33
-8.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit before tax grew far faster than income. Consolidated profit before tax rose 233.4% to ₹1,412.49 crore from ₹423.71 crore a year earlier, against 20.3% growth in total income. Tax expense rose 378.6% to ₹363.32 crore, lifting the tax share of profit before tax from 17.9% to 25.7%, so net profit rose 201.7%, less than profit before tax did.
Other income is a large part of the quarter's profit base. Other income of ₹2,305.17 crore is 16.2% of total income and 163.2% of profit before tax. Revenue from operations of ₹11,923.29 crore grew 20.0% YoY, slower than other income's 21.9%. Note 6 lists the items in other income: non-fund based income, fees, forex and derivative earnings, and investment gains and losses.
Quarter on quarter, the trend reverses at the profit line. Total income rose 6.5% from ₹13,360.69 crore, but profit before tax fell 4.7% to ₹1,412.49 crore from ₹1,481.55 crore, and net profit fell 8.6%. Tax rose 8.9% to ₹363.32 crore from ₹333.73 crore, taking the tax share of profit before tax to 25.7% from 22.5%.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
14,217.78
11,828.34
+20.2%
13,360.52
+6.4%
Revenue from operations
11,921.75
9,936.89
+20.0%
11,051.09
+7.9%
Other income
2,296.03
1,891.45
+21.4%
2,309.43
-0.6%
1,044.60
352.31
+196.5%
1,074.96
-2.8%
Tax expense
356.98
75.91
+370.3%
333.73
+7.0%
Net profit margin
7.35%
2.98%
+4.37 pp
8.05%
-0.70 pp
Tax as share of profit before tax
25.5%
17.7%
+7.74 pp
23.7%
+1.78 pp
EPS, basic (₹)
1.21
0.36
+236.1%
1.25
-3.2%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone figures track the consolidated ones closely. Standalone net profit of ₹1,044.60 crore is ₹4.57 crore below the consolidated figure, and standalone total income of ₹14,217.78 crore is ₹10.68 crore lower. Standalone profit before tax rose 227.3% to ₹1,401.58 crore, and net profit rose 196.5%, again less than profit before tax.
Standalone tax rose to ₹356.98 crore from ₹75.91 crore a year earlier, and was 25.5% of profit before tax, against 17.7% in the year-ago quarter. Standalone other income of ₹2,296.03 crore is 16.1% of total income.
The standalone capital adequacy ratio is 14.67%. Gross NPAs are 1.32% of gross advances and net NPAs are 0.40% of net advances. Net worth stood at ₹48,214.66 crore on 30 Sep 2026. During the quarter the Bank issued 80,89,327 equity shares under its Employee Stock Option Scheme.
Inference
Per share, the quarter's basic EPS is ₹1.22 on a consolidated basis and ₹1.21 standalone, against ₹0.35 and ₹0.36 a year earlier. The results were reviewed by the Audit Committee on 23 Oct 2026 and approved by the board on 24 Oct 2026.
The filing gives the auditors' review: M.P. Chitale & Co. and Walker Chandiok & Co LLP issued unmodified conclusions, and the standalone review excludes Pillar 3 disclosures, which are on the Bank's website. The Bank has not consolidated Jetpur Somnath Tollways Private Limited, which it must divest to 10% or less and value at Re. 1, as directed by the RBI.
The filing does not give the reason for the rise in quarterly net profit or the fall in provisions, nor any dividend amount for the period.
Create a free account to read the rest of this article and the analysis that follows.
By continuing you agree to our Terms and Privacy Policy, and to receive updates from Blacklitt by email. You can unsubscribe anytime.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
IDFCFIRSTBIDFC First Bank Ltd.