Private Sector Bank Reports 132% YoY Growth in Q1 FY27 Standalone Profit; Gross NPA Improves to 1.51%, Shares Jump 8%

On Monday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 166.90 points, or 0.70 per cent, to 23,934.35. Amid the positive market sentiment, IDFC FIRST Bank share price jumped 7.69 per cent to Rs 87.00 after the private sector lender reported strong standalone financial results for the quarter ended June 30, 2026.

IDFC FIRST Bank Q1 FY27 Standalone Results

On a standalone basis, total income increased 12.57 per cent YoY to Rs 13,360.52 crore in Q1 FY27 from Rs 11,868.97 crore in the corresponding quarter last year. Interest earned rose 14.61 per cent YoY to Rs 11,051.09 crore, compared with Rs 9,642.14 crore in Q1 FY26, reflecting healthy growth in the bank's lending business.

The bank reported a net profit of Rs 1,074.96 crore, registering a 132.38 per cent YoY increase from Rs 462.57 crore reported in the year-ago quarter. Profit before Tax climbed 142.77 per cent YoY to Rs 1,408.69 crore, compared with Rs 580.25 crore in Q1 FY26, while operating profit increased 13.98 per cent YoY to Rs 2,552.57 crore from Rs 2,239.37 crore. Basic earnings per share (EPS) improved to Rs 1.25 from Rs 0.63 a year earlier.

Asset Quality Strengthens

IDFC FIRST Bank continued to strengthen its asset quality during the quarter. Gross Non-Performing Assets (GNPA) declined to 1.51 per cent as of June 30, 2026, from 1.97 per cent a year ago, while Net Non-Performing Assets (NNPA) improved to 0.44 per cent from 0.55 per cent. In absolute terms, gross NPAs stood at Rs 4,509.79 crore, compared with Rs 4,867.46 crore a year earlier, while net NPAs declined to Rs 1,286.22 crore from Rs 1,346.07 crore.

IDFC FIRST Bank Prudent Provisioning

During the quarter, the bank received Rs 514.82 crore from the National Credit Guarantee Trustee Company Limited (NCGTC) under the Credit Guarantee Fund for Micro Units (CGFMU) Scheme, which was accounted for under provisions and contingencies. Additionally, considering evolving macroeconomic and geopolitical uncertainties, the bank created a contingency provision of Rs 515 crore on a prudent basis to further strengthen its balance sheet.
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IDFC FIRST Bank Capital Position

The bank maintained a healthy capital position, with a Capital Adequacy Ratio (Basel III) of 15.05 per cent as of June 30, 2026. Its net worth increased to Rs 47,442.12 crore, while the return on assets (annualised) improved to 1.05 per cent, reflecting continued improvement in profitability and balance sheet strength.

About IDFC FIRST Bank

IDFC FIRST Bank Ltd is a leading private sector bank offering a wide range of retail, MSME, corporate and digital banking services across India. The bank provides savings and current accounts, loans, credit cards, wealth management, payments, and treasury services through an extensive network of branches and digital platforms.

The bank continues to focus on expanding its retail franchise, improving asset quality, and strengthening its digital banking capabilities. With a diversified loan portfolio and prudent risk management practices, IDFC FIRST Bank remains focused on sustainable and profitable growth.

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Disclaimer: The article is for informational purposes only and not investment advice.