IDBI Bank Q2 net profit falls 39% to Rs 2,205 crore on lower other

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The Economic Times daily newspaper is available online now. Read Today's Paper IDBI Bank Q2 net profit falls 39% to Rs 2,205 crore on lower other incomeBy Joel Rebello, ET BureauLast Updated: Oct 17, 2026, 03:41:00 PM ISTSynopsis

IDBI Bank reported a 39% year-on-year decline in Q2 FY27 net profit to Rs 2,205 crore, mainly due to the absence of a one-time Rs 1,699 crore gain from the NSDL stake sale in the year-ago quarter. Excluding that gain, net profit would have risen 14%.

IDBI Bank's net profit fell 39% year on year to Rs 2205 crore in the quarter ended September 2026 from Rs 3627 crore a year earlier due to lower other income mainly because of the absence of one off Rs 1699 crore gain from NSDL stake sale last year.

Adjusted for this gain last year would have led to a 14% jump in net profit this year, results relased by the bank showed.

The absence of this gain hit non interest income for the bank this quarter which fell 46% to Rs 1353 crore in September 2026 from Rs 2489 crore a year earlier.

ALSO READ | Finance Ministry clarifies on legislative developments concerning govt's IDBI Bank stake

Operating profit of the bank was also hit due to the absence of this one off gain falling 18% year on year to Rs 2893 crore.

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The results were announced just a couple of days after the government approved selling a majority 60.72% stake in IDBI Bank to Canada's Fairfax group for Rs 52,878 crore.

Results released on Saturday showed operating parameters of IDBI remained stable with net interest income or the difference between interest earned and interest expenses increased 29% year on year to Rs 4,228 crore in the quarter ended September 2026.

Net interest margin (NIM) a key profitability parameter for a bank, improved to 4.11% in September 2026 from 3.71% a year ago.

Operating expenses of the bank however increased 19% to Rs 2688 crore from Rs 2252 crore a year ago.

Net advances increased 18% year on year to Rs 2.71 lakh crores in September 2026 up from Rs 2.30 lakh crores a year ago.

Deposits increased by 17% to Rs 3.55 lakh crores in September 2026 from Rs 3.03 lakh crores a year earlier.

Asset quality remained stable with net NPA ratio improving to 0.17% as on September 2026 as against 0.21% a year ago.
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