IDFC First Bank Q1FY27 PAT Surges 132.4% YoY to ₹1,075 Cr; Loans Up 20.6%
IDFC FIRST Bank reported its highest ever quarterly PAT of ₹1,075 crore for Q1 FY27, a 132.4% YoY increase. Loans grew 20.6% YoY to ₹3,05,370 crore, and deposits rose 16.6% YoY to ₹2,99,405 crore. CASA ratio stood at 50.8%. Asset quality improved with Gross NPA at 1.51% and Net NPA at 0.44%.
The announcement includes key financial metrics like record PAT, substantial growth in loans and deposits, and improved asset quality, which are material to investors and stakeholders.
The bank reported record profits, significant year-on-year growth in loans and deposits, and improvement in asset quality, all indicating a strong financial performance.
IDFC FIRST Bank announced its unaudited financial results for the quarter ended June 30, 2026, reporting its highest ever quarterly Profit After Tax (PAT) of ₹1,075 crore, a significant increase of 132.4% compared to ₹463 crore in the same quarter last year.
Total Customer Business, encompassing loans and customer deposits, grew by 18.6% year-on-year to ₹6,04,776 crore as of June 30, 2026. Loans and Advances increased by 20.6% year-on-year to ₹3,05,370 crore, driven by growth in Mortgage, Vehicle, Corporate, and Consumer loans. The Retail, Agri and MSME (RAM) book saw an 18.2% year-on-year increase to ₹2,41,118 crore, while the Wholesale book grew by 30.4% to ₹64,252 crore.
The bank's asset quality showed improvement, with Gross NPA decreasing to 1.51% and Net NPA to 0.44% as of June 30, 2026. Customer Deposits grew by 16.6% year-on-year to ₹2,99,405 crore, with CASA Deposits rising by 24.6% to ₹1,58,492 crore, leading to a CASA ratio of 50.8%.
Profitability metrics also improved, with Net Interest Margin (NIM) reaching 5.96% in Q1 FY27, up 25 basis points year-on-year. The Cost to Income ratio improved by 310 basis points year-on-year to 70.7%. Provisions as a percentage of Average Loans improved to 1.53%. The bank received claims of ₹514.8 crore under the CGFMU scheme and created a contingency provision of ₹515 crore.
Mr. V Vaidyanathan, MD and CEO, commented on the results, highlighting the strong business momentum, improving asset quality, and the benefits of past investments leading to operating leverage and a PAT of ₹1,075 crore. He noted that ROA crossed 1% for the first time.
As of June 30, 2026, the bank serves 39 million customers with a customer business of ₹6,04,776 crore ($65.9 billion), comprising customer deposits of ₹2,99,405 crore ($32.6 billion) and loans and advances of ₹3,05,370 crore ($33.3 billion). The bank operates through 1,155 branches.
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