IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY

The lender stated that Q2FY26 included a one-off gain of Rs 1,699 crore from the sale of a strategic investment (NSDL). Excluding this one-off gain, the company posted a 14% year-on-year jump in its net profit and a 59% YoY surge in its operating profit for Q2 FY27 respectively.

Net interest income for the quarter under review came in at Rs 1,353 crore, down 49% YoY from Rs 2,489 crore posted in the year-ago period. The same figure was higher by 31% when compared to the previous quarter.

The lender said its net interest margin or NIM improved 50 basis points sequentially and and 40% basis points year-on-year to 4.11%.

IDBI Bank’s gross non-performing asset (NPA) ratio improved to 2.12% as of September 30, 2026, from 2.65% a year earlier. The net NPA ratio declined to 0.17% from 0.21% over the same period.

The bank’s provision coverage ratio (PCR), including technical write-offs, stood at 99.24% as of September 30, 2026. The ratio has remained above 99% since September 2023.

IDBI Bank’s total deposits grew 17% year-on-year (YoY) to Rs 3.55 lakh crore as of September 30, 2026, compared with Rs 3.03 lakh crore a year earlier. Current account and savings account (CASA) deposits increased 12% YoY to Rs 1.55 lakh crore from Rs 1.38 lakh crore. The CASA ratio stood at 43.82%.

Net advances rose 18% YoY to Rs 2.71 lakh crore as of September 30, 2026, compared with Rs 2.30 lakh crore a year earlier. The composition of the bank’s gross advances portfolio between corporate and retail stood at 31:69.