$IDFCFIRSTB

IDFC First Bank shares surged as much as 9.5% on July 27 after the private lender reported its highest-ever quarterly profit after tax (PAT) of ₹1,075 crore for the April-June quarter of FY27, marking a 132.4% year-on-year increase from ₹463 crore in the corresponding period last year. The bank's total customer business grew 18.6% year-on-year to ₹6,04,776 crore as of June 30, 2026, compared with ₹5,10,031 crore a year earlier, according to its stock exchange filing. Its loans and advances rose 20.6% to ₹3,05,370 crore from ₹2,53,233 crore in the same period last year. Following the earnings announcement, IDFC First Bank shares were trading around 7% higher at ₹86.35 apiece. Asset quality also improved during the quarter. Gross non-performing assets (GNPA) declined to 1.51% as of June 30, 2026, from 1.97% a year ago, while net NPA improved to 0.44% from 0.55%. The bank's net interest margin (NIM) expanded to 5.96% in the June quarter, compared with 5.71% in the year-ago period. It also created a contingency provision of ₹515 crore as a prudent measure to address potential macroeconomic and geopolitical uncertainties. Separately, IDFC First Bank informed the exchanges on Saturday that its board has approved plans to raise ₹20,000 crore, including ₹7,500 crore through the issuance of equity shares and ₹12,500 crore via debt instruments denominated in Indian rupees or permitted foreign currencies.