IDFC First Bank Ltd reported a strong performance in the third quarter of FY26, with net profit rising 48% year-on-year. The bank posted a profit of Rs 503 crore, compared to Rs 339 crore in the same quarter last year.
Net Interest Income (NII) increased by 12% to Rs 5,492 crore, up from Rs 4,902 crore a year ago. Operating profit also grew 15.6% to Rs 2,003 crore, compared to Rs 1,759 crore in the previous year.
Gross non-performing assets (GNPA) declined on a sequential basis to 1.69%, from 1.86% in the previous quarter. Net NPA saw a marginal rise to 0.53%, compared with 0.52% quarter-on-quarter.
Provisions declined by 12% year-on-year to Rs 1,398 crore, compared with Rs 1,452 crore in the same period last year.
IDFC First Bank Q3 Highlights
Net profit increased 48% to Rs 503 crore, compared with Rs 339 crore year-on-year.
Operating profit rose 15.6% to Rs 2,003 crore, versus Rs 1,759 crore year-on-year.
Net Interest Income grew 12% to Rs 5,492 crore, compared with Rs 4,902 crore year-on-year.
Gross NPA stood at 1.69%, down from 1.86% quarter-on-quarter.
Net NPA was reported at 0.53%, compared with 0.52% in the previous quarter.
IDFC First Bank Share Price on Sunday
Shares of IDFC First Bank closed 48% higher at Rs 83.58 on the NSE, even as the Nifty index declined by 0.39% on Sunday.
