IDFC FIRST Bank reported a significant 132% year-on-year increase in net profit for the first quarter of FY27, reaching ₹1,075 crore. The bank’s total income grew by 21.5% YoY, driven by a strong Net Interest Income (NII) growth of 21.1%. Asset quality continued to improve with GNPA reducing to 1.51%. Deposits crossed ₹3 lakh crore, with customer deposits growing 16.6% YoY.
IDFC FIRST Bank Reports Robust Q1 FY27 Performance
IDFC FIRST Bank announced its financial results for the first quarter of FY27, showcasing robust growth across key parameters. The bank registered a net profit of ₹1,075 crore, marking a substantial 132% increase compared to the same period last year. This strong performance reflects the bank’s improving operational efficiencies and sustained business momentum.
Financial Highlights
Total income for the quarter saw a significant uplift, growing by 21.5% year-on-year to reach ₹8,669 crore. The Net Interest Income (NII) demonstrated strong growth of 21.1% YoY, contributing significantly to the bank’s profitability. The Net Interest Margin (NIM) on an AUM basis improved by 3 basis points to 5.96%, driven by a reduction in the cost of funds.
Asset Quality and Deposits
The bank continued to strengthen its asset quality. The Gross Non-Performing Asset (GNPA) ratio improved by 10 basis points to 1.51%, and the Net Non-Performing Asset (NNPA) ratio improved by 4 basis points to 0.44%. Customer deposits have now surpassed ₹3 lakh crore, with a year-on-year growth of 16.6%. Total deposits grew by 17.7% YoY.
Business Growth and Outlook
The bank’s customer business, encompassing deposits and funded assets, crossed ₹6 lakh crore, a 20% YoY increase. The loan book grew by 20.6% YoY to reach approximately ₹3.05 lakh crore. The wealth management business saw its Assets Under Management (AUM) grow by 24% YoY to nearly ₹64,000 crore. The management expressed confidence in sustaining this growth trajectory, emphasizing a focus on customer-first banking and technology investments.
Capital Adequacy
The bank maintained strong capital adequacy, with the Capital Adequacy Ratio (CAR) at 15.05% and the CET1 ratio at 13.33% as of June 2026.
Source: BSE
