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IDFC First Bank Shares Soar Over 8% After Record Q1 Profit, Asset Quality Improves
The lender’s profit jumped 132.4% to Rs 1,075 crore as stronger lending, margins and asset quality lifted investor sentiment.
- On Monday, IDFC First Bank shares rallied more than 8 per cent after the private sector lender reported its highest-ever quarterly profit for the first quarter of FY27, with profit after tax reaching Rs 1,075 crore for the April-June quarter.
- Strong earnings were driven by expansion in net interest margins, with NIM improving to 5.96 per cent for the April-June quarter, up from 5.71 per cent in the corresponding period last year.
- Customer business expanded 18.6 per cent to Rs 6,04,776 crore, while loans and advances grew 20.6 per cent to Rs 3,05,370 crore by June 30, 2026, reflecting sustained growth across the lending portfolio.
- Gross non-performing assets declined to 1.51 per cent from 1.61 per cent in the March quarter, while net non-performing assets eased to 0.44 per cent from 0.48 per cent over the same period.
- Alongside these results, the lender created a contingency provision of Rs 515 crore as a prudent measure to prepare for potential macroeconomic and geopolitical uncertainties that could affect the operating environment in the future.
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IDFC FIRST Bank Opening Bell Updates: Q1 Profit Surges 132%, Fund Raising Planned
IDFC FIRST Bank (IDFCFIRSTB) share price opens robustly at ₹86.30, up +7.56% from previous close, after reporting record Q1 FY27 PAT of ₹1,075 crore and announcing plans to raise ₹20,000 crore. IDFC FIRST Bank Opening Bell Updates: Q1 Profit Surges 132%, Fund Raising Planned.
·Mumbai, India
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Total News Sources9
Leaning Left0Leaning Right7Center1Last UpdatedBias Distribution87% Right
Bias Distribution
- 87% of the sources lean Right
87% Right
13%
R 87%
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