Shares of IDFC First Bank moved higher by more than 3% in early trade on April 27 after the bank reported its financial results for the quarter ended March 31, 2026.
The lender posted a steady rise in core income and profit on a year-on-year basis, while provisions declined sharply, supporting overall earnings despite pressure on pre-provision operating profit.
Net Interest Income (NII), a key measure of a bank’s core earnings, increased 16% to ₹5,677 crore in Q4FY26, compared to ₹4,907 crore in the same quarter last year. The growth reflects improvement in lending activity and interest-earning assets.
However, pre-provision operating profit (PPOP) declined 42% to ₹1,059 crore from ₹1,812 crore YoY, indicating higher operating expenses during the quarter.
Net profit for the quarter rose 5% to ₹319 crore, compared to ₹304 crore in Q4FY25. The profit growth was supported by a sharp reduction in provisions, which fell 38% to ₹869 crore from ₹1,398 crore on a quarter-on-quarter basis.
On the asset quality front, gross non-performing assets (GNPA) stood at 1.61%, showing improvement from earlier levels, while net non-performing assets (NNPA) came in at 0.48% compared to 0.53% in the previous quarter.
Net Interest Margin (NIM), a key profitability metric, remained largely stable at 5.93% compared to 5.95% YoY, indicating consistent margin performance.
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