IDFC First Bank Q1FY27: Record PAT of Rs 1,075 Crore, Up 132% YoY
IDFCFIRSTB · price
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IDFC First Bank posted its highest ever quarterly Profit After Tax of Rs 1,075 crore in Q1FY27, up 132.4% from Rs 463 crore a year ago. Loans grew 20.6% YoY to Rs 3,05,370 crore, customer deposits rose 16.6% YoY to Rs 2,99,405 crore, and CASA ratio improved to 50.8%. Total customer business reached Rs 6,04,776 crore. Asset quality strengthened with Gross NPA down to 1.51% and Net NPA at 0.44%. Net Interest Margin improved to 5.96%, ROA crossed 1% at 1.06%, and capital adequacy stood at 15.05%. Bank set aside Rs 515 crore as contingency provision for macro uncertainties.
Strong earnings beat, improved asset quality, and rising profitability could support positive sentiment in the stock.