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Informist, Saturday, Jul. 25, 2026

 

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--IDFC First Bank Apr-Jun net profit INR 10.75 bln 
--Analysts saw IDFC First Bank Apr-Jun net profit INR 6.93 bln 
--IDFC First Bank Apr-Jun total income INR 133.61 bln 
--IDFC First Bank Apr-Jun net profit INR 10.75 bln vs INR 4.63 bln yr ago 
--IDFC First Bank Q1 total income INR 133.61 bln vs INR 118.69 bln yr ago 
--IDFC First Bank Apr-Jun provisions INR 11.44 bln vs INR 16.59 bln year ago 
--IDFC First Bk gross NPAs 1.51% on Jun 30 vs 1.61% qtr ago, 1.97% yr ago 
--IDFC First Bk net NPAs 0.44% on Jun 30 vs 0.48% qtr ago, 0.55% yr ago 
--IDFC First Bank Basel-III capital adequacy ratio 15.05% on Jun 30 

 

By Radhika Tiwari 

 

MUMBAI – IDFC FIRST Bank posted a sharp jump in consolidated net profit for the June quarter despite an increase in its tax outgo, thanks to a sharp year-on-year fall in net provisions and contingencies. The net profit beat the Street's consensus estimate by a wide margin.

 

The mid-sized bank posted a consolidated net profit of INR 10.75 billion for the June quarter, up 132% on year and 237% on quarter. Its net profit is nearly 55% more than the consensus estimate of INR 6.93 billion. IDFC FIRST had reported a net profit of INR 4.63 billion for the year-ago quarter.

 

The bank's interest earnings rose sharply to INR 110.5 billion, up 15% on year. Its net provisions and contingencies were at INR 11.44 billion, down 31% on year and nearly 32% on quarter. For the trailing quarter, the bank had made provisions of INR 8.69 billion.

 

IDFC FIRST's tax nearly tripled on year to INR 3.33 billion. It had reported a net tax credit of INR 1.29 billion for the March quarter.

 

The total income of the bank rose to INR 133.61 billion, up nearly 13% on year and 10% on quarter. Its total income was INR 118.68 billion a year ago.

 

IDFC FIRST Bank's provisions as a percentage of average loans for the June quarter improved by 115 basis points on year to 1.53 from 2.69. On quarter, the number improved by 10 basis points to 1.53%, the bank said in a press release.

 

The bank's gross non-performing asset ratio for the June quarter improved to 1.51% from 1.97% in the year-ago quarter. The ratio fell by 45 bps on year and 10 bps on quarter. Its net non-performing asset ratio fell by 12 bps on year to 0.44%. On quarter, the net non-performing asset ratio improved by 4 bps. The bank's Basel-III capital adequacy ratio for the reporting quarter was 15.5%.  More