IDFC First Bank shares rally 3% as Q2 profit surges 75%. Should you buy, sell or hold?
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 strongIDFC First ...