IDFC First Bank Q1 results: Net profit declines 32% YOY

The private lender reported a profit after tax (PAT) of ₹462.6 crore for the June quarter, marking a 32.07% drop compared to ₹681 crore in the same period last year. Its net interest income (NII) increased by 5% year-on-year, rising to ₹4,933 crore from ₹4,695 crore. “Our margins reduced because we passed on the benefit of repo rate to eligible borrowers and asset mix change, but term deposits broadly would take a year to reprice downwards. So, by H2 FY26 margins is likely to be better,” said V Vaidyanathan, the Managing Director and CEO of IDFC First Bank.