IDFC FIRST Bank Q1 FY27 Result: Profit At ₹1,07,496 Lakh; Gross NPA Eases

IDFC FIRST Bank started FY27 on a stronger note, reporting a sharp rise in June-quarter profit while keeping bad loans under check.

Net profit rose to ₹1,07,496 lakh from ₹46,257 lakh in the year-ago period, while profit before tax increased to ₹1,40,869 lakh. Operating profit also improved to ₹2,55,257 lakh.

During the quarter, the bank strengthened its balance sheet by creating a ₹51,500 lakh contingency provision and received ₹51,482 lakh under the Credit Guarantee Fund for Micro Units (CGFMU) scheme. Gross and net NPA ratios also declined from the corresponding quarter last year.

IDFC FIRST Bank Q1 FY27 Result: What Were The Key Highlights?

Net profit came in at ₹1,07,496 lakh for Q1 FY27, against ₹46,257 lakh a year earlier. Profit before tax stood at ₹1,40,869 lakh, while operating profit increased to ₹2,55,257 lakh from ₹2,23,937 lakh a year earlier.

Total income for the quarter came in at ₹13,36,052 lakh, compared with ₹11,86,897 lakh in Q1 FY26. Interest earned rose to ₹11,05,109 lakh, while other income stood at ₹2,30,943 lakh. During the quarter, IDFC FIRST Bank reported operating expenses of ₹5,72,926 lakh. Provisions and contingencies totalled ₹1,14,388 lakh.

How Did IDFC FIRST Bank's Business Perform In Q1 FY27?

The bank also reported growth in its loan book during the quarter. Advances stood at ₹2,94,48,079 lakh as of 30 June 2026, up from ₹2,43,67,887 lakh a year earlier. Deposits increased to ₹3,11,89,189 lakh from ₹2,64,97,127 lakh, while total assets rose to ₹4,20,80,980 lakh. Investments stood at ₹95,25,485 lakh at the end of the quarter.

During the quarter, the bank received ₹51,482 lakh from the National Credit Guarantee Trustee Company Limited (NCGTC) under the Credit Guarantee Fund for Micro Units (CGFMU) scheme, which was accounted for under provisions and contingencies.

It also created a voluntary contingency provision of ₹51,500 lakh, citing macroeconomic and geopolitical uncertainties. Separately, the bank said the forensic review into the Chandigarh branch fraud reaffirmed that no further material financial adjustments were required beyond those recognised earlier.

How Was IDFC FIRST Bank's Asset Quality In Q1 FY27?

Asset quality improved compared with the corresponding quarter last year. The gross NPA ratio declined to 1.51% from 1.97%, while the net NPA ratio fell to 0.44% from 0.55%. In absolute terms, gross NPAs stood at ₹4,50,979 lakh, while net NPAs were ₹1,28,622 lakh as of 30 June 2026.

The bank reported a Basel III capital adequacy ratio of 15.05%, compared with 14.86% a year earlier. Its net worth increased to ₹47,44,212 lakh from ₹37,66,235 lakh as of 30 June 2025.

Also Read - Birla Corporation Q1 FY27 Results