IDFC First Bank Reports 2QFY27 PAT of INR10.4 Billion
Motilal Oswal said profit after tax rose 197% year over year and fell 3% quarter over quarter, in line with expectations. Net interest income increased 21% year over year to INR61.8 billion.
Story updates
09:07:20 AM UTC
SquawkNews
ICICI Securities research report on IDFC FIRST BankIDFC First Bank (IDFCFB) reported in-line NII and slippages, while Q2FY27 PAT of INR 10.4bn was 5% ahead of our estimates on contained opex; asset quality was steady. CASA growth was healthy at ~5% QoQ/up 20% YoY. IDFCFB has sustained its third con…
Motilal Oswal's research report on IDFC First BankIDFC First Bank (IDFCFB) reported 2QFY27 PAT of INR10.4b (up 197% YoY/down 3% QoQ, in line), led by healthy operating performance and robust business growth. NII grew 21% YoY/4% QoQ to INR61.8b (in line). NIM declined 32bp QoQ to 5.58% (vs. 1Q adj…