IDFC First Bank reports Q1 FY27 profit up 132% to about Rs 1,075 crore

In the reporting quarter, the Bank recorded a 21 per cent growth in net interest income at Rs ₹5,972 crore (Rs ₹4,933 crore in the year ago period)

The bottom-line rose from Rs463 crore in the year-ago period to Rs 1,075 crore.

IDFC First Bank on Saturday reported its highest-ever quarterly profit after tax (PAT) of Rs 1,075 crore for the quarter ended June 30, 2026, marking a 132.4% year-on-year increase from Rs 463 crore in the corresponding quarter last year.Net interest income (NII) rose 21.1% year on year to Rs 5,972.3 crore from Rs 4,933 crore in the corresponding quarter last year.The bank's net interest margin (NIM) improved to 5.96% in Q1 FY27 from 5.71% in Q1 FY26, an increase of 25 basis points. On a sequential basis, NIM rose 3 basis points.However it must be noted that the lender received claims of Rs 514.8 crore under the CGFMU scheme against MFI portfolio, it disclosed in a regulatory filing. Asset quality also improved during the quarter. Gross non-performing assets (NPA) declined to 1.51% as of June 30, 2026, from 1.97% a year earlier, an improvement of 45 basis points. On a quarter-on-quarter basis, gross NPA improved by 10 basis points.Deposits and borrowingCustomer deposits increased 16.6% year on year to Rs 2.99 lakh crore as of June 30, 2026, from Rs 2.56 lakh crore a year earlier. On a quarter-on-quarter basis, deposits grew 5.3%.CASA deposits rose 24.6% YoY to Rs 1.58 lakh crore as of June 30, 2026, from Rs 1.27 lakh crore in the year-ago period. On a sequential basis, CASA deposits increased 8.1%.Loans and advancesLoans and advances, including credit substitutes, rose 20.6% year on year to Rs 3.05 lakh crore as of June 30, 2026, from Rs 2.53 lakh crore a year earlier. On a quarter-on-quarter basis, the book grew 5.2%, driven primarily by growth in mortgage, vehicle, corporate and consumer loans.The retail, agriculture and MSME (RAM) book increased 18.2% YoY to Rs 2.41 lakh crore from Rs 2.03 lakh crore, while growing 3.8% sequentially.IDFC Bank Q1 management commentaryThe lender said it is focused on building a high-quality institution with strong governance standards and is witnessing healthy business momentum.He said asset quality continued to improve, with gross NPA at 1.51% and net NPA at 0.44%, while provisions as a percentage of loans also continued to decline. During the quarter, the bank received a CGFMU claim of Rs 515 crore and, on a prudent basis, created a provision of Rs 515 crore to account for any potential impact from monsoon conditions or fuel price volatility during the rest of the year.Vaidyanathan said investments made in building the bank are beginning to translate into operating leverage, helping lift PAT to Rs 1,075 crore in Q1 FY27. Return on assets (ROA) also crossed 1%.

Mumbai: IDFC First Bank Ltd on Friday announced a standalone net profit of ₹1,074.96 crore for the first quarter of fiscal year 2026-27.Quarterly PerformanceThis compares to a standalone net profit of ₹318.94 crore in the preceding quarter ended 31 March 2026, and ₹462.57 crore in the same quarter last year. The bank’s standalone total income for the quarter stood at ₹13,360.52 crore, up from ₹12,182.81 crore in the previous quarter.₹645 Crore IDFC First Bank Fraud Case: ED Arrests Real Estate Businessman Vikram Wadhwa Expense DetailsTotal standalone expenditure, excluding provisions and contingencies, was ₹10,807.95 crore for the quarter. This is lower than the ₹11,124.27 crore reported in the quarter ended 31 March 2026.Provisions and ContingenciesProvisions (other than tax) and contingencies, net, amounted to ₹1,143.88 crore. The bank also created a voluntary contingency provision of ₹515.00 crore during the quarter due to macroeconomic and geopolitical uncertainties.Asset QualityGross non-performing assets (NPAs) stood at 1.51 per cent of gross advances as on 30 June 2026. Net NPAs were 0.44 per cent of net advances at the end of the quarter.Loans TransferredDuring the quarter, the bank transferred loans not in default worth ₹813.15 crore through assignment. It also acquired loans not in default amounting to ₹2,113.72 crore via assignment.Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.