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IDFC Bank reported its second quarter results for the financial year 2026, wherein the bank witnessed a 75.5% YoY surge in its standalone net profit at Rs 352.31 crore, up from Rs 200.69 crore in Q2FY26. Further, the bank’s net interest income (NII) rose by 6.8% YoY.NII was reported at Rs 5,112.57 crore for the said quarter, versus Rs 4,788 crore in the year-ago period.IDFC Bank’s net interest margin (NIM) fell by 59 bps on a year-on-year basis to 5.59%, down from 6.18% a year ago and 5.71% in the previous quarter.The bank’s gross NPA ratio declined by 6 basis points to 1.86%, while the net NPA increased by 4 basis points to 0.52% on a year-on-year basis.Further, IDFC Bank reported a 21.6% year-on-year increase in total customer business, which rose to Rs 5,35,673 crore as of September 30, 2025, compared to Rs 4,40,640 crore a year ago. Loans and advances grew by 19.7% YoY to Rs 2,66,579 crore from Rs 2,22,613 crore.IDFC Bank’s customer deposits rose 23.4% year-on-year to Rs 2,69,094 crore as of September 30, 2025, from Rs 2,18,026 crore a year earlier.Meanwhile, CASA deposits grew 26.8% YoY to Rs 1,38,583 crore. The CASA ratio improved by 119 basis points to 50.07%, up from 48.88% in the same quarter last year. The bank’s cost of funds declined by 23 basis points year-on-year to 6.23%.“The stress in the MFI business was an MFI industry issue and looks like it is behind us. Other than MFI, the asset quality of the Bank has always been stable for over a decade through cycles and continues to be so with Gross NPA at 1.86% and Net NPA at 0.52% as of 30th September 2025. On cost of funds, we expect it to drop from here on. The bank is witnessing improving operating leverage. For instance, in FY25, total Business, i.e. loans and customer deposits, grew by 22.7% YoY, against increase in Opex of 16.5% YoY. Following on, in H1 FY26, total Business grew by 21.6% YoY, against Opex increase of 11.8% YoY. We hope to sustain this trend,” said V Vaidyanathan, MD and CEO of ISFC First Bank.On Friday, the shares of IDFC First Bank closed flat at Rs 71.91 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

IDFC Bank reported its second quarter results for the financial year 2026, wherein the bank witnessed a 75.5% YoY surge in its standalone net profit at Rs 352.31 crore, up from Rs 200.69 crore in Q2FY26. However, the bank’s net interest income (NII) took a sharp hit, falling by 40% YoY.NII was reported at Rs 5,112.57 crore for the said quarter, versus Rs 8,540.03 crore in the year-ago period.IDFC Bank’s net interest margin (NIM) fell by 59 bps on a year-on-year basis to 5.59%, down from 6.18% a year ago and 5.71% in the previous quarter.The bank’s gross NPA ratio declined by 6 basis points to 1.86%, while the net NPA increased by 4 basis points to 0.52% on a year-on-year basis.Further, IDFC Bank reported a 21.6% year-on-year increase in total customer business, which rose to Rs 5,35,673 crore as of September 30, 2025, compared to Rs 4,40,640 crore a year ago. Loans and advances grew by 19.7% YoY to Rs 2,66,579 crore from Rs 2,22,613 crore.IDFC Bank’s customer deposits rose 23.4% year-on-year to Rs 2,69,094 crore as of September 30, 2025, from Rs 2,18,026 crore a year earlier.Meanwhile, CASA deposits grew 26.8% YoY to Rs 1,38,583 crore. The CASA ratio improved by 119 basis points to 50.07%, up from 48.88% in the same quarter last year. The bank’s cost of funds declined by 23 basis points year-on-year to 6.23%.“The stress in the MFI business was an MFI industry issue and looks like it is behind us. Other than MFI, the asset quality of the Bank has always been stable for over a decade through cycles and continues to be so with Gross NPA at 1.86% and Net NPA at 0.52% as of 30th September 2025. On cost of funds, we expect it to drop from here on. The bank is witnessing improving operating leverage. For instance, in FY25, total Business, i.e. loans and customer deposits, grew by 22.7% YoY, against increase in Opex of 16.5% YoY. Following on, in H1 FY26, total Business grew by 21.6% YoY, against Opex increase of 11.8% YoY. We hope to sustain this trend,” said V Vaidyanathan, MD and CEO of ISFC First Bank.On Friday, the shares of IDFC First Bank closed flat at Rs 71.91 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

IndusInd Bank has posted a net loss of Rs 437 crore in the second quarter of FY26, reversing from a net profit of Rs 1,331 crore in the corresponding quarter of FY25. The bank’s Net Interest Income (NII) too declined by 17.6% year-on-year to Rs 4,409 crore from Rs 5,347 crore in Q2FY25.The bank’s net interest margin (NIM) was also reported at 3.32% for Q2 FY26, as compared to 4.08% for Q2 FY25.As per the bank’s press release, the fee and other income for the quarter stood at Rs 1,651 crore, compared to Rs 2,185 crore in Q2FY25. The bank’s yield on assets stood at 8.75% for the quarter, lower than 9.58% recorded in the year-ago period, while the cost of funds was 5.43% as against 5.54% in the corresponding quarter last year.Operating expenses for Q2FY26 were reported at Rs 4,013 crore, slightly higher than Rs 3,932 crore in Q2FY25. Total expenditure, including interest and operating expenses, stood at Rs 11,212 crore compared to Rs 11,271 crore in the corresponding period of the previous year. The bank’s pre-provision operating profit (PPOP) declined to Rs 2,047 crore in Q2FY26 from Rs 3,600 crore in Q2FY25.IndusInd Bank’s balance sheet stood at Rs 5,27,490 crore as of September 30, 2025, compared to Rs 5,43,407 crore a year earlier. Deposits were Rs 3,89,600 crore, down from Rs 4,12,397 crore in the previous year.CASA deposits amounted to Rs 1,19,771 crore, with current account deposits at Rs 31,916 crore and savings account deposits at Rs 87,854 crore, forming 31% of total deposits.Advances as of the end of Q2FY26 were Rs 3,25,881 crore, lower than Rs 3,57,159 crore in the year-ago period.Asset qualityThe gross NPA ratio stood at 3.60% of gross advances as of September 30, 2025, slightly lower than 3.64% as of June 30, 2025, while the net NPA was at 1.04%, improving from 1.12% in the previous quarter.The Provision Coverage Ratio improved to 72%. Provisions and contingencies rose to Rs 2,631 crore in Q2FY26 from Rs 1,820 crore in Q2FY25. Capital adequacyThe bank’s Total Capital Adequacy Ratio, under Basel III norms and excluding half-yearly profits, stood at 17.10% as of September 30, 2025, up from 16.51% a year earlier. Tier 1 CRAR was 15.88%, compared to 15.21% in the year-ago period. Risk-weighted assets stood at Rs 3,98,256 crore, down from Rs 4,20,519 crore last year.“During Q2FY26, the Bank consolidated its balance sheet by letting go wholesale deposits and being cautious on microfinance disbursements. Nevertheless, our core pre-provision operating profit at Rs. 1,940 crores remained stable QoQ. Our asset quality trends have been stable in all core businesses except in microfinance wherein industry is facing cyclical pressures. The Bank accelerated write-offs as well as increased provisions on microfinance as a prudent measure. While this has resulted in the Bank showing a loss in Q2, we believe this strengthens the balance sheet and fast-tracks normalisation of underlying profitability,” said Rajiv Anand, the MD and CEO of IndusInd Bank, while commenting on the bank’s Q2 results.

Pakistan Army Chief Asim Munir once again resorted to Anti-India rhetoric even as his troops received several setbacks in an ongoing conflict with the Taliban. Addressing a passing out parade at the Pakistan Military Academy (PMA) in Kakul Munir said that there was "no space for war in a nuclearised environment," reported Dawn.Munir, whose forces lost several of the key air bases in their short conflict with India in the aftermath of Operation Sindoor claimed that Pakistan would not be intimidated. "We will never be intimidated nor coerced by your rhetoric and shall respond decisively, beyond proportions, to even a minor provocation without any qualms. The onus of ensuing escalations, one that may ultimately bear catastrophic consequences for the entire region and beyond, will squarely lie with India," Munir said, in an attempt to obfuscate the fact that it was his DGMO that had sought a ceasefire after being pounded by Indian strikes. "Should a fresh wave of hostilities be triggered, Pakistan would respond much beyond the expectations of the initiators," Munir said. During Operation Sindoor the Indian Air Force destroyed 12-13 of Pakistan's combat aircraft, including four to five F-16s on ground and five F-16s and JF-17s in the air along with two spy planes. The IAF also cratered several Pakistani airbases, damaging radars, command centres, runways, hangars, and a surface-to-air missile (SAM) system. Faced by this, Munir chose rhetoric to hide facts. "With diminishing distinctions between conflict and communication zones, the reach and lethality of our weapon systems will shatter the misconceived immunity of India's geographic war-space. The deeply hurting retributive military and economic losses inflicted will be much beyond the imagination and calculation of the perpetrators of chaos and instability," he said.India carried out precision strikes on terror infrastructure in Pakistan and PoJK in May this year in response to the April 22 Pahalgam terror attack which killed 26 civilians. The Indian Armed Forces effectively repulsed the subsequent Pakistani aggression and pounded its airbases while downing several of its planes.

India’s largest private lender HDFC Bank, on Saturday, reported its second quarter results for FY26, reporting a 10.8% year-on-year (YoY) growth in its standalone net profit at Rs 18,641.28 crore, up from Rs 16,820.97 crore in the same period last year.Further, the bank’s net interest income (NII) also witnessed a 4.8% YoY growth and was reported at Rs 31,550 crore, rising from Rs 30,110 crore in the second quarter of FY25.The core net interest margin stood at 3.27% on total assets, indicating that asset repricing outpaced deposit repricing, compared with 3.35% in the previous quarter ended June 30, 2025.The bank’s net revenue increased 10.3% year-on-year to Rs 45,900 crore for the quarter ended September 30, 2025, compared with Rs 41600 crore in the same period last year.The bank posted healthy growth in deposits and advances for the September 2025 quarter, underscoring strong traction across retail and corporate segments. Average deposits rose 15.1% year-on-year to Rs 27.10 lakh crore, while average CASA deposits climbed 8.5% to Rs 8.77 lakh crore.Sequentially, both metrics were up by around 2%, reflecting sustained customer engagement and deposit mobilization.The bank’s asset quality improved sequentially and year-on-year, with gross non-performing assets (GNPA) declining to 1.24% of gross advances as of September 30, 2025, compared with 1.40% in the previous quarter and 1.36% a year earlier.Excluding NPAs from the agricultural segment, the GNPA ratio stood at 0.99%, down from 1.14% in June 2025 and 1.19% in September 2024.The net NPA ratio also improved to 0.42% of net advances, reflecting prudent credit underwriting and effective recovery measures.Total end-of-period deposits stood at Rs 28.02 lakh crore as of September 30, 2025, marking a 12.1% annual growth. CASA deposits advanced 7.4%, with savings and current account balances at Rs 6.53 lakh crore and Rs 2.96 lakh crore, respectively. On the lending front, average advances under management rose 9.0% YoY to Rs 27.94 lakh crore, while gross advances stood at Rs 27.69 lakh crore, up 9.9% YoY.Growth was led by a 17.0% rise in SME lending, followed by 7.4% growth in retail loans and 6.4% growth in corporate and wholesale segments. Overseas advances contributed 1.8% to total loans, highlighting the bank’s steady performance across diverse portfolios.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Aditya Birla Group company UltaTech Cements has released its results for the quarter ended September 2025, posting an impressive surge of 75.2% YoY to Rs 1,232 crore, while its net sales were up 21.3% YoY.The net sales were posted at Rs 19,371 crore in Q2FY26, versus Rs 15,967 crore in the same quarter last year.UltraTech Cement reported a robust 22.3% growth in domestic grey cement sales during the September 2025 quarter, excluding contributions from its newly acquired India Cements and Kesoram assets, which were not part of the company in the year-ago period.This performance far exceeded the industry average growth of around 5%, underscoring UltraTech’s strong market position and operational execution.The company benefited from a 7% year-on-year decline in energy costs, though raw material expenses rose 5% due to higher prices of flyash and slag. For its existing operations, operating EBITDA per ton stood at Rs 966, based on a capacity of 166.76 mtpa.The recently acquired assets of India Cements and Kesoram generated operating EBITDA of Rs 386 per ton and Rs 755 per ton, respectively. Integration progress has been swift, with 55% of Kesoram’s volumes and 31% of India Cements’ volumes already transitioned under the UltraTech brand.“UltraTech’s expansion program is progressing as scheduled, with the Company continuously enhancing its production capabilities. UltraTech’s domestic grey cement capacity is 186.86 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the Company’s global capacity stands at 192.26 mtpa. UltraTech also migrated to the GST 2.0 framework effective September 22, 2025, ensuring that customers receive the full benefit of the reduction in GST rates,” the company said while commenting on its capacity expansion.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)