$IDFCFIRSTB Q1 Results: Net profit more than doubles to ₹1,075 crore; loans grow 21%, deposits rise 17%

Synopsis: $IDFCFIRSTB reported a robust performance for the June quarter of FY27, with net profit more than doubling year-on-year to ₹1,075 crore, driven by healthy loan growth, improved asset quality, lower funding costs, and disciplined cost management. $IDFCFIRSTB posted a more than two-fold jump in net profit to ₹1,075 crore for Q1 FY27, supported by strong business growth, improving asset quality, and better operational efficiency. The bank's loan book expanded 20.6% YoY to ₹3,05,370 crore, led by healthy growth in mortgage, vehicle, corporate, and consumer lending. The retail, agriculture, and MSME portfolio increased 18.2% YoY to ₹2,41,118 crore, while the wholesale loan book rose 30% to ₹64,252 crore. Customer deposits climbed 16.6% YoY to ₹2,99,405 crore, reflecting sustained deposit mobilisation. Meanwhile, the cost of funds declined by 46 basis points year-on-year to 5.96%, supporting margin improvement. The bank said its asset quality remained resilient across retail, rural, and SME segments, with delinquency trends staying stable or improving during the quarter. As of June 30, 2026, IDFC First Bank's capital adequacy ratio stood at 15.05%, with a CET-1 ratio of 13.33%, indicating a comfortable capital position. Commenting on the performance, Managing Director and CEO V. Vaidyanathan said the bank continues to witness strong business momentum and that the investments made over the past few years are now translating into improved operating performance. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,