IDFC First Bank539437Quarterly results

Board approves September quarter results; auditors issue unmodified limited review conclusion

The Board of IDFC FIRST Bank met on October 24, 2026 (10:00 a.m. to 2:45 p.m.) and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Sat 24 Oct 2026, 5:02 PM IST · 2 min read

Total Income (Q2, standalone): ₹14,21,778 lakh
Net Profit (Q2, standalone): ₹1,04,460 lakh
Gross NPA / Net NPA: Gross NPA 1.32%, Net NPA 0.40%

Board outcome

The Board of IDFC FIRST Bank met on October 24, 2026, from 10:00 a.m. to 2:45 p.m., and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Audit Committee reviewed them on October 23, 2026. The results, along with the limited review reports, were shared with the exchanges.

Auditor's review conclusion

The Joint Statutory Auditors are Walker Chandhiok & Co LLP and M. P. Chitale & Co., Chartered Accountants.
Their limited review report carries an unmodified conclusion: nothing came to their attention that causes them to believe the statements contain a material misstatement, or that they fail the prescribed disclosure requirements.
A limited review is narrower than a full audit, so it gives moderate assurance and not an audit opinion.
The limited review does not cover the Pillar 3 disclosures (leverage ratio, liquidity coverage ratio, net stable funding ratio), which the bank places on its website.

Standalone results, quarter ended September 30, 2026

Total Income: ₹14,21,778 lakh
Net Profit for the period: ₹1,04,460 lakh
Basic EPS (not annualised): ₹1.21

Asset quality and capital

Gross NPA: 1.32% of gross advances
Net NPA: 0.40% of net advances
Capital adequacy ratio, as per RBI guidelines: 14.67%

The bank notes that the capital adequacy ratio for previous periods is not adjusted for the impact of subsequent changes, if any, in the guidelines.

Balance sheet as at September 30, 2026 (standalone)

Deposits: ₹3,48,58,343 lakh
Advances: ₹3,35,64,210 lakh

Other disclosures in the results

Loans bought through assignment during the quarter are disclosed, and the bank states that the loans acquired are not rated.
The bank transferred stressed loans classified as NPA to Asset Reconstruction Companies during the quarter; the excess provision reversed to the profit and loss account on these sales was Nil.
Co-lending arrangements with partner banks are disclosed separately, including the number of partners, outstanding cases, interest rate, sectors covered and the performance of those loans.
Project finance accounts under implementation are disclosed, with the number of accounts and outstanding amounts at the start and end of the quarter.

How a retail reader can use this

The update is the bank's quarterly report card: it shows what the bank earned, what it set aside for bad loans, and how well capitalised it is.
The gross and net NPA percentages show the share of loans that have stopped performing; the capital adequacy ratio shows the cushion the bank holds against loans turning bad.
The auditors' unmodified conclusion means their limited review did not throw up any matter they considered a misstatement. It is not a forecast of future performance.

Also from IDFC First Bank