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IDFC First Bank Q1 PAT Down 32% to ₹463 cr
July 27, 2025
|Financial Express Hyderabad
IDFC FIRST BANK reported a 32% decline in net profit to ₹463 crore for the quarter ended June due to rise in provisions against microfinance books.
While the bank's provisions rose 67% to ₹1,659 crore in the June quarter from ₹994 crore in the corresponding period of the previous year.
V Vaidyanathan, MD & CEO, IDFC Bank, said, "On asset quality, all our businesses, other than microfinance continue to perform well...by H2 FY26, MFI issue should largely be behind us. Our customer franchise is strong. So all-in-all we are well positioned for the future."
The bank posted a total income of ₹11,869 crore, up 14% on year. The 'other income' has seen a significant rise of 37% during the quarter to ₹2,227 crore.
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