Private sector IDFC First Bank released its Q1 earnings report for the first quarter on Saturday and reported a 32 per cent slump in net profit to ₹463 crore for the time period in the current financial year.
The Mumbai-based lender had earned a net profit of ₹681 crore in the same quarter of the previous fiscal year, but was impacted by slippages in the micro-finance book, the report said.
The total income rose to ₹11,869 crore during the June quarter of 2025-26 from ₹10,408 crore in the same quarter of FY25, IDFC First Bank said in its regulatory filing.
Also Read: Laurus Labs reports 1,185 pc rise in Q1 net profit
Interest earned by the bank improved to ₹9,642 crore compared to ₹8,789 crore in the June quarter FY25.
Net interest income also increased to ₹4,933 crore during the quarter against ₹4,695 crore in the year-ago period.
The bank's asset quality showed deterioration as gross non-performing assets (NPAs) declined to 1.97 per cent of gross advances at the end of the June quarter from 1.90 per cent a year ago.
However, net NPAs, or bad loans, improved to 0.55 per cent against 0.59 per cent in the year-ago period.
Provisions for the quarter rose significantly to ₹1,659 crore compared to ₹994 crore in the same period of the previous fiscal due to slippages in the micro-finance book.
Return on Assets (ROA) declined to 0.53 per cent for June 2025 from 0.91 per cent at the end of June 2024, registering a fall of 38 bps, it said.
At the same time, the capital adequacy ratio slipped to 14.86 per cent from 15.59 per cent in the same quarter of FY25.
Follow us
