IDFC First Bank's Q2 FY 2025-26 Quarterly Results

Result Summary

• IDFC First Bank Ltd reported a 0.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.7%.
• Its expenses for the quarter were up by 3.3% QoQ and 14.3% YoY.
• The net profit decreased 23.3% QoQ and increased 64.1% YoY.
• The earnings per share (EPS) of IDFC First Bank Ltd stood at 0.35 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

IDFC First Bank Ltd is a prominent financial institution in India offering a range of banking services. The bank provides retail banking, corporate banking, and other financial services to a diverse clientele. IDFC First Bank is known for its focus on retail banking, which includes products like savings accounts, loans, and credit cards. The bank operates in the competitive Indian banking sector, which is characterized by a mix of public and private players. Any recent major developments concerning IDFC First Bank are not available from the provided data.

Revenue

In Q2FY26, IDFC First Bank Ltd reported a total income of ₹11,828.41 crores, marking a slight decrease of 0.3% compared to the previous quarter (Q1FY26), where the total income was ₹11,869.02 crores. When compared to the same period in the previous fiscal year (Q2FY25), there was a year-over-year increase of 10.7%, from ₹10,684.32 crores. This growth in total income over the year reflects a positive trend in the bank's revenue generation capabilities.

Profitability

The bank's Profit Before Tax (PBT) for Q2FY26 stood at ₹423.71 crores, which represents a decrease of 25.8% from the previous quarter's PBT of ₹571.15 crores. However, on a year-over-year basis, there was a significant increase of 72.9% from Q2FY25, when the PBT was ₹245.09 crores. The Profit After Tax (PAT) was ₹347.80 crores for Q2FY26, reflecting a 23.3% decline from the last quarter's PAT of ₹453.47 crores, but a notable 64.1% increase from ₹211.94 crores in Q2FY25. The tax expense for the quarter was ₹75.91 crores, down 35.5% from Q1FY26 but up 129.0% from Q2FY25.

Operating Metrics

The total expenses for Q2FY26 were reported at ₹9,952.82 crores, showing a quarter-over-quarter increase of 3.3% from ₹9,638.75 crores in Q1FY26 and a year-over-year increase of 14.3% from ₹8,707.29 crores in Q2FY25. Provisions and contingencies decreased by 12.5% QoQ to ₹1,451.88 crores and by 16.2% YoY from Q2FY25. The Earnings Per Share (EPS) for Q2FY26 was ₹0.35, which saw a decrease of 42.6% from the previous quarter's EPS of ₹0.61, but an increase of 25.0% from ₹0.28 in the same quarter last year. These changes in operating metrics highlight the bank's performance in managing its operational costs and efficiencies.