IDFC First Bank shares rally 3% as Q2 profit surges 75%. Should you buy, sell or hold?
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Shares of IDFC First Bank rallied 3.3% to their day’s high of Rs 74.27 on the BSE on Monday after the lender posted a strong 75.5% year-on-year rise in standalone net profit to Rs 352.31 crore for the second quarter of FY26, driven by solid business growth and improving operating leverage, even as net interest margins moderated. The bank’s net profit surged from Rs 200.69 crore in the year-ago quarter, while net interest income (NII) rose 6.8% YoY to Rs 5,112.57 crore, up from Rs 4,788 crore a year earlier. However, the net interest margin (NIM) declined 59 basis points year-on-year to 5.59%, down from 6.18% in Q2FY25 and 5.71% in the previous quarter. Asset quality remained steady, with gross NPA ratio easing 6 basis points YoY to 1.86%, while net NPA increased slightly by 4 basis points to 0.52%. Business momentum strong IDFC First Bank’s total customer business expanded 21.6% YoY to Rs 5,35,673 crore as of September 30, 2025. Loans and...