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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
IDFC First Bank Ltd

IDFC First Bank Q2 FY27 Net Profit Rs. 1,045 Cr, Gross NPA at 1.32%

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 24 Oct 2026, 05:26 PM IST  ·  BSE ID: 8f94d3b6-291b-41a7-a4a8-8e1755273b71
View Original BSE Filing (PDF)
💡
In Simple Terms
IDFC First Bank reported higher profits and increased lending and deposits in the last quarter, while also reducing bad loans.
🤖 AI Summary
  • Profit After Tax for Q2 FY27 was Rs. 1,045 Cr, reflecting a 196.5% Year-on-Year growth.
  • Loans & Advances grew 30% Year-on-Year to Rs. 3,38,929 Cr as of September 30, 2026.
  • Total Deposits increased 26% Year-on-Year to Rs. 3,48,583 Cr by the end of Q2 FY27.
  • Gross NPA ratio improved to 1.32% in Q2 FY27, a 54 basis points reduction Year-on-Year.
  • Net Interest Income for Q2 FY27 reached Rs. 6,184 Cr, up 21.0% Year-on-Year.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit After Tax (PAT)
Rs. 1,045 Cr
196.5%
Loans & Advances
Rs. 3,38,929 Cr
30%
Total Deposits
Rs. 3,48,583 Cr
26%
Gross NPA ratio
1.32%
-54 bps
Net NPA ratio
0.40%
-13 bps
Net Interest Income (NII)
Rs. 6,184 Cr
21.0%
Core Operating Profit
Rs. 2,527 Cr
38.5%
Return on Assets (RoA)
0.93%
55 bps
Average CASA ratio
48.4%
-22 bps
🏢 How This Affects the Company
📈
Business Impact
The bank demonstrated continued growth in its core lending business with Loans & Advances increasing by 30% YoY. Mobilization of Rs. 34,390 crore in FCNR(B) deposits diversifies its funding sources and provides structural liquidity for 3-to-5-year tenors.
💰
Financial Impact
Profit After Tax grew significantly by 196.5% YoY to Rs. 1,045 Cr. The Gross NPA ratio improved to 1.32% and Net NPA to 0.40%, indicating stable asset quality and reduced credit risk. FCNR(B) deposits are expected to benefit NII, PAT, EPS, and RoE due to lower cost of funding.
⚙️
Operational Impact
Operating leverage is observed with Opex growth remaining lower than income growth by over 500 bps YoY for two consecutive quarters, contributing to strong PAT growth. The successful FCNR(B) mobilization without international branches highlights the bank's digital capabilities.
⚠️
Risk Impact
The reduction in Gross NPA to 1.32% and Net NPA to 0.40% decreases credit risk exposure. The large FCNR(B) deposit mobilization, predominantly 3-to-5-year tenor, provides stable structural liquidity, mitigating short-term funding risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results presentation.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the 196.5% YoY growth in Profit After Tax to Rs. 1,045 Cr and the improved asset quality.
🔍
Management Signal
The management's focus on deposit growth, asset quality improvement, and operating leverage is evident from the Q2 FY27 financial results.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — verify sustained profit growth and asset quality.
Updates on FCNR(B) deposit impact on Net Interest Margin (NIM) in subsequent quarters.
Management commentary on future deposit growth strategies and cost-to-income ratio trends.
LOW RISK Improved asset quality and robust deposit growth indicate a stable financial position.
💡 Investor Takeaway
IDFC First Bank reported Q2 FY27 Profit After Tax of Rs. 1,045 Cr, a 196.5% YoY increase. Loans & Advances grew 30% YoY to Rs. 3,38,929 Cr, and Total Deposits rose 26% YoY to Rs. 3,48,583 Cr. Gross NPA stood at 1.32%, an improvement of 54 bps YoY.
⚖️ Strengths & Concerns

✅ Positives

  • Profit After Tax (PAT) grew 196.5% Year-on-Year to Rs. 1,045 Cr in Q2 FY27, indicating strong profitability.
  • Gross NPA ratio improved to 1.32% in Q2 FY27, down 54 bps Year-on-Year, showing better asset quality.

⚠️ Concerns

  • Average CASA ratio decreased by 167 bps Quarter-on-Quarter to 48.4% in Q2 FY27.
  • Return on Assets (RoA) decreased by 13 bps Quarter-on-Quarter to 0.93% in Q2 FY27.
📅 Company Track Record
IDFC First Bank's past filings show a trend of increasing PAT, with Q1 FY27 PAT at Rs. 1,075 Cr and Q2 FY27 PAT at Rs. 1,045 Cr. Gross NPA has consistently reduced, from 1.51% in Q1 FY27 to 1.32% in Q2 FY27.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was IDFC First Bank's Profit After Tax in Q2 FY27?
IDFC First Bank reported a Profit After Tax of Rs. 1,045 Cr for Q2 FY27, which is a 196.5% Year-on-Year increase.
What is the Gross NPA ratio for IDFC First Bank in Q2 FY27?
The Gross NPA ratio for IDFC First Bank stood at 1.32% in Q2 FY27, an improvement of 54 basis points Year-on-Year.
How much did IDFC First Bank's Loans & Advances grow in Q2 FY27?
IDFC First Bank's Loans & Advances grew by 30% Year-on-Year to Rs. 3,38,929 Cr as of September 30, 2026.
What was the total deposit growth for IDFC First Bank in Q2 FY27?
Total Deposits for IDFC First Bank increased by 26% Year-on-Year to Rs. 3,48,583 Cr by September 30, 2026.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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