Home / Business and Economy / IDFC First Bank Sees Profit Jump 48% in Strong Q3 Performance
IDFC First Bank Sees Profit Jump 48% in Strong Q3 Performance
31 Jan
Summary
- Net profit surged 48% year-on-year to Rs 503 crore.
- Net Interest Income increased 12% to Rs 5,492 crore.
- Gross non-performing assets decreased sequentially to 1.69%.
IDFC First Bank has announced a robust financial performance for the third quarter of fiscal year 2026, with net profit soaring 48% to Rs 503 crore, up from Rs 339 crore in the prior year. This substantial growth reflects the bank's strong operational efficiency and market position.
Net Interest Income for the quarter reached Rs 5,492 crore, marking a 12% increase compared to Rs 4,902 crore in the same period last year. Operating profit also showed positive momentum, rising 15.6% to Rs 2,003 crore from Rs 1,759 crore.
The bank's asset quality showed improvement, with gross non-performing assets decreasing to 1.69% from 1.86% quarter-on-quarter. Net non-performing assets saw a marginal increase to 0.53%. Provisions made by the bank fell 12% to Rs 1,398 crore compared to Rs 1,452 crore in the year-ago period.
