IDFC First Bank reports 132% surge in Q1 net profit
after close1 source ↓written by the desknot a recommendation
- YoY for Q1
- 132.2%
- to ₹5
- 21% increase in NII
IDFC First Bank reported a net profit of ₹1,075 crore, up 132.2% YoY for Q1 FY27, driven by a 21% increase in NII to ₹5,972 crore. The Net Interest Margin improved to 5.96%, reflecting robust growth in lending. This strong performance may enhance investor sentiment in the banking sector.
• Operating profit rose 14% YoY to ₹2,553 crore
• Provisions and asset quality improved, supporting profitability.
Not investment advice. For informational purposes only.