IDFC First Bank Stock Surges Up to 9% as Q1 Net Profit More Than Doubles to ₹1,075 Crore

IDFC First Bank shares surged up to 9% on July 27, 2026, after reporting Q1 FY27 net profit of ₹1,075 crore, a 132.4% increase from ₹463 crore a year earlier.

Net Interest Income rose 21.1% year-on-year to ₹5,972.3 crore and Net Interest Margin expanded 25 basis points to 5.96%.

Gross Non-Performing Assets improved 45 basis points to 1.51% and Net NPA fell to 0.44%.

Customer deposits grew 16.6% to ₹2,99,405 crore, with CASA ratio strengthening to 50.8%.

Management lowered full-year credit cost guidance to 150–160 basis points as annualised ROA crossed 1.0% to 1.05%.