IDFC FIRST Bank has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Bank recorded a standalone net profit of ₹1,636.36 crore for the full financial year, demonstrating steady growth. Additionally, the Bank reported a consolidated net profit of ₹1,610.56 crore. The Board also proposed a dividend of ₹0.25 per share, subject to shareholder approval.
Annual Financial Performance
For the financial year ended March 31, 2026, IDFC FIRST Bank reported a standalone net profit of ₹1,636.36 crore, compared to ₹1,524.85 crore in the previous fiscal year. Total income for the year stood at ₹48,422.11 crore on a standalone basis. The Bank continues to maintain a strong capital position, with a Capital Adequacy Ratio (Basel III) of 15.60% as of the end of the fiscal year.
Quarterly Highlights
In the fourth quarter (January-March 2026), the Bank recorded a standalone net profit of ₹318.94 crore. Total income for this quarter was ₹12,182.81 crore. The Bank’s operating profit before provisions and contingencies for the quarter stood at ₹1,058.54 crore.
Asset Quality and Operational Updates
The Bank continues to maintain healthy asset quality metrics. As of March 31, 2026, the Gross NPA ratio was reported at 1.61%, with a Net NPA ratio of 0.48%. During the year, the Bank also addressed a fraud incident at a Chandigarh branch involving embezzlement of deposit balances; the Bank has paid out ₹645.59 crore to affected customers and recognized this as an expense for the year, while investigations remain ongoing.
Dividend and Strategic Developments
The Board of Directors has proposed a dividend of ₹0.25 per equity share for the financial year ended March 31, 2026. This proposal is subject to approval by the members at the upcoming Annual General Meeting. Furthermore, the Bank confirmed the infusion of ₹110 crore of additional equity capital into its wholly-owned subsidiary, IDFC FIRST Bharat Limited, during the final quarter of the fiscal year.
Source: BSE
