| Revenue growth | Core NII up 21% YoY; total income up 21.9% YoY. |
|---|---|
| Margins | NIM moderated to 5.58% due to FCNR technical drag. |
| Demand visibility | Strong growth in mortgages, vehicle, and consumer loans above 30%. |
| Management confidence | Extremely high; emphasizing structural liquidity gains and long-term ROA trajectory. |
Growth
Core PAT grew 15% sequentially to ₹1,036 Cr; loans grew 22% YoY excluding FCNR leverage.
Outlook
Management expects NIMs to recover to 5.8% by Q4 FY27 as excess liquidity is deployed.
Risks
Normalization of high LCR and FCNR technical drags may mask underlying NIM pressure from rising repo rates.
Last quarter's promises, checked
Delivered
- Guided opex-income jaw at least 500 bps → sustained 500 bps for three quarters (= BEAT)
Missed
- Guided FY27 NIM ~5.8% (revised from 5.75%) → Q2 NIM 5.58% (= MISS, quarter below full-year guide)
Earnings Call Transcript filed with BSE, NSE: IDFCFIRSTB. Summary written with AI assistance from the document.
IDFC First Bank Ltd: key numbers
- Share price
- ₹73.53
- Market cap
- ₹63,418 Cr
- Revenue (annual)
- ₹40,549 Cr
- Net profit (annual)
- ₹1,611 Cr
- P/E (TTM)
- 21.1×Sector 19.7×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 36.67%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from IDFC First Bank Ltd
All →IDFC First Bank Management Change
IDFC First Bank's board approved reappointing Pradeep Natarajan as Whole-Time Director for three years from June 2027, and appointing S. Ganesh Kumar as Part-Time Chairperson from May 2027. Independent director Aashish Kamat ceases December 17, 2026 on tenure completion.
IDFC First Bank Investor Presentation: Key Takeaways
Q2 FY27 PAT Rs 1,045 Cr (+196.5% YoY), core PAT Rs 1,036 Cr; NII Rs 6,184 Cr (+21%); GNPA 1.32%; FCNR(B) mobilisation Rs 34,390 Cr drives deposits.
IDFC First Bank Other Announcement
IDFC First Bank filed a NIL security cover certificate for the quarter ended 30 September 2026. It has only unsecured debt, so no cover ratio applies.
IDFC First Bank Results Update
IDFC First Bank's press release reports Q2 FY27 profit growth, with deposits up strongly year-on-year. It also highlights FCNR(B) mobilisation and a debut S&P investment-grade rating.
IDFC First Bank Q2 FY27 Results: Net Profit ₹1,049 Cr, Up 201.7% YoY
IDFC First Bank Ltd reported revenue from operations of ₹11,923 Cr (+20.0% YoY) and net profit of ₹1,049 Cr (+201.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹1,049 Cr · +201.7% YoY
IDFC First Bank Employee Stock Options
IDFC First Bank NRC approved grant of 98,00,000 ESOPs to new joiners and eligible employees. Options vest over 4 years with 3-month exercise windows.
- Execution
- 4-year vesting (25% per year), 3-month exercise window per vesting tranche