IDFC First Bank shares move higher after the lender reports its highest-ever quarterly profit after tax for the quarter ended June 30, 2026. Multiple outlets cite a 132% year-on-year increase in PAT to about Rs 1,075 crore (around Rs 1,074.96 crore in standalone reporting). The bank’s net interest income rises about 21% year-on-year to Rs 5,972.3 crore, and the net interest margin improves to 5.96% from 5.71% in the year-ago quarter. Several reports also point to strengthening asset quality: gross non-performing assets fall to 1.51% from 1.97% a year earlier, while net NPA is around 0.44%. Provisions are discussed as declining versus earlier, alongside a voluntary contingency provision of about Rs 515 crore related to macroeconomic/geopolitical uncertainties and potential monsoon and fuel price impacts. The bank’s customer deposits and advances grow year-on-year, with deposits reported at Rs 2.99 lakh crore and loans/advances at about Rs 3.05 lakh crore. Following the results, the stock rises roughly 9–10% during the trading day, with at least one report noting a 52-week high.
IDFC First Bank shares rise after Q1 profit jumps 132% to record Rs 1,075 crore
IDFC First Bank shares move higher after the lender reports its highest-ever quarterly profit after tax for the quarter ended June 30, 2026. Multiple outlets cite a 132% year-on-year increase in PAT t...
- IDFC First Bank reports Q1 FY27 profit after tax of about Rs 1,075 crore, up about 132% year-on-year.
- Net interest income increases about 21% year-on-year to Rs 5,972.3 crore; net interest margin improves to 5.96%.
- Gross NPA declines to 1.51% from 1.97% a year earlier; net NPA is around 0.44%.
- The bank creates a voluntary contingency/provision of about Rs 515 crore and references CGFMU-related claims of about Rs 514.8–515 crore.
- Following the results, the bank’s shares rise roughly 9–10% and trade near/at a 52-week high in at least one session report.
The stock traded 6% higher at ₹85.45 at 11.48 am on the NSE, hitting a 52-week high of ₹88.76 from the previous close of ₹80.79
1 month agoAt 9:18 am, IDFC First Bank shares were trading 8.75% higher at Rs 87.90 per share. By comparison, BSE Sensex was trading at 76,597, up 0.7%.
1 month agoIDFC First Bank share price gained 9% after it reported its highest-ever quarterly profit after tax of Rs 1,075 crore. Net interest income rose 21.1% year-on-year, and net interest margin also improved. Gross non-performing assets fell to 1.51%, showing further improvement in asset quality. The bank received claims worth Rs 514.8 crore under the CGFMU scheme. Management remains focused on building a high-quality banking institution with strong governance.
1 month agoThe bank’s current asset quality performance remains healthy across key retail, rural and SME portfolios, with delinquency indicators largely stable or improving
1 month agoIn 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)
1 month ago
15-year-old JJ Gabriel asks to leave Manchester United amid scholarship and transfer reports
JJ Gabriel, a 15-year-old forward in Manchester United’s academy, asks the club to cancel his registration and leave “im...
Sheinbaum says agreements reached with Trump amid U.S.-Mexico trade-deal push
Mexican President Claudia Sheinbaum says she reached “agreements” with U.S. President Donald Trump during a call, while...
Nigeria protests after 37 suspected illegal miners die in civil defence custody
Dozens of suspected illegal miners die while in custody in Nigeria’s north-central Niger State, prompting protests. Mult...