IDBI Bank reported a 39% year-on-year decline in standalone net profit for the second quarter ended September 2026, posting ₹2,205 crore compared to ₹3,627 crore in the same period last year, according to livemint.com. The drop reflects the absence of a one-time gain of ₹1,698.96 crore from the previous year’s sale of a strategic stake in National Securities Depository Ltd (NSDL).
The bank’s total income rose to ₹9,865 crore from ₹9,594 crore a year earlier, driven by a 29% increase in net interest income (NII) to ₹4,228 crore from ₹3,285 crore, as interest income climbed to ₹8,512 crore from ₹7,104 crore. Despite the profit decline, IDBI Bank’s shares gained 0.80%, closing at ₹84.12 on October 16, though the stock remains down 18.98% year to date. Investors are also weighing the impact of the proposed Fairfax acquisition deal.
The earnings report highlights the bank’s shifting revenue mix, with stronger core interest income offsetting the absence of last year’s exceptional gains. The Fairfax deal, a significant transaction for IDBI Bank, is under scrutiny as the lender navigates a challenging operating environment. The stock’s mixed performance reflects investor caution amid these developments, with the bank’s financials showing resilience in interest income growth despite profit pressures.
Trading will resume on October 19, when market participants will closely monitor how the Fairfax acquisition and quarterly results influence IDBI Bank’s stock performance and investor sentiment in the near term.