IDFC First Bank Q2 FY27: PAT ₹1,075 Cr & Rev ₹6.05 L Cr

1 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

Investor Takeaways

Reported highest-ever quarterly PAT of ₹1,075 crore, up 132.4% YoY from ₹463 crore in the same quarter last year

Gross NPA improved to 1.51% (down 45 bps YoY), Net NPA reduced to 0.44% (down 12 bps YoY)

Loans grew 20.6% YoY and deposits increased 17.7% YoY, supporting revenue expansion

CASA ratio stood at 50.8%, indicating stable low-cost funding base

Contingency provision of ₹515 crore created to address macroeconomic uncertainties

Overall Tone: Positive

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹604,776 Cr	Not available
Net Profit	₹1,075 Cr	+132.4%
Gross NPA	1.51%	Improved (down 45 bps)
Net NPA	0.44%	Improved (down 12 bps)
EPS	Not available	Not available
OPM	Not available	Not available

What Changed

IDFC FIRST Bank delivered a significant turnaround in profitability during Q1 FY27, reporting its highest-ever quarterly profit of ₹1,075 crore—a 132.4% increase compared to ₹463 crore in Q1 FY26. This growth was driven by strong loan and deposit expansion, with loans rising 20.6% YoY and deposits increasing 17.7% YoY. The bank also demonstrated continued improvement in asset quality, with Gross NPA declining to 1.51% (a reduction of 45 basis points) and Net NPA improving to 0.44% (down 12 basis points). The CASA ratio of 50.8% reflects a stable and low-cost funding profile. Additionally, the bank created a contingency provision of ₹515 crore to strengthen its capital position against potential macroeconomic headwinds, underscoring proactive risk management. These favorable developments were reflected in the market response, with the stock trading positively on the back of improved profitability and asset quality metrics.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)	D/E
IDFC FIRST Bank	36.16	Not available	Not available	58,235.25	Not available
HDFC Bank	15.5	14.3%	24.4%	1,18,1,607.38	1.23
ICICI Bank	15.47	N/A	N/A	8,92,242	N/A
SBI	10.44	N/A	N/A	8,89,093.09	N/A

IDFC FIRST Bank trades at a higher P/E multiple compared to HDFC Bank, ICICI Bank, and SBI, suggesting market expectations of higher future growth. However, its ROE and ROCE figures are not currently available for direct comparison. The bank’s valuation premium may reflect investor confidence in its turnaround trajectory and improving asset quality, though it warrants monitoring against peers with more established profitability metrics.

Risks & Concerns

No specific risks identified in this filing beyond macroeconomic uncertainties, which are being addressed through contingency provisioning

High P/E ratio may indicate elevated valuation sensitivity to future performance

Quarterly Trend

[Not available in the provided data. The quarterly trend section is omitted as required.]

2 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

📢 Key Event
IDFC First Bank reported 21% YoY loan growth to Rs. 3,05,370 Cr and 132.4% YoY PAT increase to Rs. 1,075 Cr in Q1 FY27

🔄 What Changed
21% YoY loan growth, 132.4% YoY PAT increase, 1.51% GNPA ratio (down 45 bps), 79% RAM book dominance, 25.7% shareholders' funds growth to Rs. 48,651 Cr

🔮 What's Next
Reduce retail cost-to-income ratio to 100% over 4-5 years

💡 Investor Takeaway
Strong loan and deposit growth with improving profitability and asset quality position the bank for sustained retail expansion

IDFC First Bank reported robust Q1 FY27 performance with total loan assets rising 21% YoY to Rs. 3,05,370 Cr and deposits growing 18% to Rs. 3,11,892 Cr, driven by 25% CASA growth. Profit after tax surged 132.4% YoY to Rs. 1,075 Cr, crossing Rs. 1,000 Cr for the first time, while GNPA improved to 1.51% (down 45 bps). The bank's retail-focused transformation yielded a 79% RAM book, 27% mortgage share, and 111 bps Net NPA reduction in RAM. Capital strength increased with 25.7% YoY growth in shareholders' funds to Rs. 48,651 Cr, supporting a 12.80% CET-1 ratio and 15.01% CRAR. These results reflect successful asset quality improvements, digital innovation, and a strategic shift toward sustainable retail banking.

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About IDFC First Bank Limited (IDFCFIRSTB)

Financial Services · Banks · Listed on NSE

Market Cap: ₹58,235.25 Cr P/E: 36.2

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🔥 Also filed on 25 July 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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