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

Shares of IDFC First Bank Limited surged near its 52-week high on Monday, July 27, 2026, after the private sector lender reported a record-high quarterly net profit for the April-June period, boosted by robust loan growth and lower credit costs.

The bank’s stock opened significantly higher at ₹86.30 against its previous close of ₹80.79 on the National Stock Exchange (NSE). Buying pressure accelerated during morning hours, pushing the stock up nearly 10% to an intraday high of ₹88.76.

As of 12:15 PM IST, IDFC First Bank was trading at ₹85.47, up ₹4.68 or 5.79%, with a volume-weighted average price (VWAP) standing at ₹86.70.

Q1 FY27

The stock rally follows the lender’s weekend earnings report. IDFC First Bank crossed the ₹1,000 crore quarterly net profit milestone for the first time in its history, posting a standalone Profit After Tax (PAT) of ₹1,075 crore for Q1 FY27—a 132.4% jump from ₹463 crore reported in the same period last year.

What's driving market optimism? 

• Net Interest Income (NII): Grew 21.1% year-on-year to ₹5,972.3 crore from ₹4,933 crore.
• Net Interest Margin (NIM): Expanded by 25 basis points YoY to 5.96%.
• Deposits & CASA: Customer deposits rose 16.6% YoY to ₹2,99,405 crore, while the CASA ratio strengthened to 50.8%.
• Loan Book: Total customer business reached ₹6,04,776 crore, expanding 18.6% YoY.

Assets

Asset quality metrics showed broad-based improvement across retail and corporate books. Gross Non-Performing Assets (GNPA) fell 45 basis points YoY to 1.51%, while Net NPA improved to 0.44%.

The bank’s annualised Return on Assets (ROA) surpassed the 1.0% threshold to reach 1.05%, prompting management to lower its full-year credit cost guidance to 150–160 basis points. Analysts noted that operating leverage from earlier tech and branch investments is now translating directly into bottom-line expansion.

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