IDFC First Bank Q1 Results: Profit shoots up 132% YoY to record Rs 1,075 crore; NII jumps 21%

IDFC First Bank reported a record Q1 FY27 net profit of Rs 1,075 crore, up 132% year on year, driven by a 21.1% rise in net interest income to Rs 5,972.3 crore and a 25 basis point improvement in net interest margin to 5.96%. Asset quality strengthened with gross NPA falling to 1.51% from 1.97% a year earlier, while deposits grew 16.6% to Rs 2.99 lakh crore and loans and advances rose 20.6% to Rs 3.05 lakh crore. Return on assets crossed 1%, though the bank prudently created a Rs 515 crore provision against a CGFMU claim related to its microfinance portfolio.