IDFC First Bank Reports 75% Jump in Quarterly Net Profit to 3.5 Billion Rupees

IDFC First Bank Limited has announced its financial results for the second quarter, showcasing significant growth in net profit and key metrics.

Financial Performance

The bank reported a net profit of 3.5 billion rupees (₹350 crore) for Q2, representing a substantial 75% increase from 2 billion rupees in the same period last year. This impressive growth highlights the bank's strong performance and improved profitability.

Total revenue for the quarter grew to 99.4 billion rupees, compared to 89 billion rupees year-over-year, marking an 11.7% increase. This growth in revenue reflects the bank's expanding business volumes and improved operational efficiency.

Asset Quality Improvement

IDFC First Bank has shown significant improvement in its asset quality metrics:

Metric	Q2	Q1
Gross NPA (%)	1.86	1.97
Net NPA (%)	0.52	0.55

The reduction in both gross and net non-performing assets (NPAs) indicates the bank's strengthening risk management practices and improving asset quality.

Business Growth

The bank has reported robust growth in its core business segments:

Segment	Amount (₹ crore)	Growth
Total Advances	2,57,101.00	19.5% YoY
Total Deposits	2,76,771.00	23.8% YoY

This strong growth in both advances and deposits demonstrates the bank's expanding market presence and customer trust.

Capital Raise and Conversion

During the quarter, IDFC First Bank completed a significant capital raise through the allotment of Compulsorily Convertible Cumulative Preference Shares (CCPS):

₹4,876.17 crore worth of CCPS allotted to Currant Sea Investments
₹2,623.11 crore worth of CCPS allotted to Platinum Invictus

Additionally, 81.27 crore CCPS held by Currant Sea were converted to equity shares, further strengthening the bank's capital structure.

Capital Adequacy

The bank's capital adequacy ratio stood at 14.11%, well above the regulatory requirements, ensuring a strong foundation for future growth.

Conclusion

IDFC First Bank's performance demonstrates its resilience and growth trajectory, with significant improvements in net profit, revenue, and key operational metrics. As the bank continues to expand its loan book and deposit base, it remains well-positioned in the Indian banking sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.13%	-3.43%	+0.06%	+14.10%	+0.20%	+126.39%

IDFC First Bank Limited has announced a significant change in its shareholding structure, with Currant Sea Investments B.V. acquiring a substantial stake in the bank through a preferential allotment.

Key Details of the Acquisition

Acquirer: Currant Sea Investments B.V.
Stake Acquired: 9.97% of total share capital (9.46% of diluted share capital)
Number of Shares: 81,26,94,722 equity shares
Mode of Acquisition: Preferential allotment via conversion of compulsorily convertible cumulative preference shares
Date of Acquisition: October 8, 2025
Basis of Acquisition: Investment agreement dated April 17, 2025

Impact on IDFC FIRST Bank's Share Capital

Particulars	Before Acquisition	After Acquisition
Equity Share Capital (INR)	73,39,26,19,610.00	81,51,95,66,830.00
Total Number of Equity Shares	7,33,92,61,961	8,15,19,56,683

Acquirer Details

Currant Sea Investments B.V. does not belong to the promoter group of IDFC FIRST Bank.
Prior to this transaction, the acquirer held zero shareholding in the bank.

Implications for IDFC FIRST Bank

This significant stake acquisition by Currant Sea Investments B.V. marks a notable change in IDFC FIRST Bank's ownership structure. The conversion of compulsorily convertible cumulative preference shares into equity shares has led to a substantial increase in the bank's equity share capital and the total number of outstanding shares.

Recent Financial Performance

According to the latest available financial data:

Total Business: The bank's total business stood at Rs. 5,10,031.00 crores as of June 30, 2025.
Net Interest Income: For Q1 FY2026, the bank reported a Net Interest Income of Rs. 4,933.00 crores.
Net Profit: The bank's net profit for Q1 FY2026 was Rs. 463.00 crores.
Asset Quality: As of June 30, 2025, the Gross NPA ratio was 1.97%, while the Net NPA ratio stood at 0.55%.
Capital Adequacy: The bank's Total CRAR was 14.86% as of June 30, 2025.

Upcoming Financial Results

IDFC FIRST Bank has scheduled a Board of Directors meeting on October 18, 2025, to consider the Unaudited Financial Results for the quarter and half-year ended September 30, 2025. The bank will host an earnings call with analysts and investors at 6:00 p.m. IST on the same day to discuss these results.

This strategic investment by Currant Sea Investments B.V. could potentially strengthen IDFC FIRST Bank's capital position and support its growth initiatives.