IDFC First Bank Q1 net profit declines 32% to ₹462.6 crore, asset quality deteriorates

IDFC First Bank Ltd. reported a decrease in net profit and an increase in its non-performing assets (NPA) in the first quarter of the financial year 2026.

The lender's net profit declined 32.07% to ₹462.6 crore in the June quarter from ₹681 crore in the year-ago period.

Its net interest income (NII) declined 5% to ₹4,933 crore in the quarter under review from ₹4,695 crore in the previous year.

IDFC First Bank's gross NPA was at 1.97% in the June quarter compared to 1.87% in the previous quarter. It increased to ₹4,867.5 crore from ₹4,433.5 crore sequentially.

Its net NPA in the first quarter was at 0.55% compared to 0.53% in the fourth quarter of FY25. It increased to ₹1,346 crore from ₹1,230 crore in the previous quarter.

IDFC First Bank's net interest margin (NIM) on assets under management (AUM) reduced by 24 basis points sequentially from 5.59% in the fourth quarter of FY25 to ₹5.71% in the June quarter, largely due to the repo rate impact, the lender said.

Shares of IDFC First Bank ended the previous session 3.1% lower at ₹70.63 apiece. It has gained 10% this year, so far.

Click here for Q1 LIVE Updates