IDFC First Bank (IDFCFIRSTB) investor relations material

Executive summary

• Profit for the quarter reached INR 1,075 crore, up 132% YoY, marking a record PAT and crossing INR 1,000 crore for the first time.

• Loan assets grew 21% YoY to INR 3.05 lakh crore, with deposits up 18% YoY to INR 3.12 lakh crore and CASA ratio at 50.8%.

• Asset quality improved to best-ever levels: GNPA at 1.51%, NNPA at 0.44%.

• Strong digital and retail franchise, with 4.8 million credit cards in force and 39 million customers.

• Unaudited standalone and consolidated financial results for Q1 FY27 were approved with unmodified conclusions.

Financial highlights

• Net Interest Income (NII) grew 21.1% YoY; NIM at 5.96% for Q1 FY27, up 25 bps YoY.

• Core operating profit at Rs. 2,371 crore, up 36% YoY; total income up 21.5% YoY.

• Cost-to-income ratio improved to 70.7% in Q1 FY27 from 73.8% in Q1 FY26.

• Provisions reduced 31.1% YoY to INR 1,144 crore; credit cost improved to 1.53% from 1.60% QoQ.

• Standalone net profit for Q1 FY27 was ₹1,07,496 lakhs, up from ₹46,257 lakhs in Q1 FY26.

Outlook and guidance

• NIM guidance for FY27 revised upward to ~5.8%; credit cost guidance lowered to 150-160 bps.

• ROA target for FY27 upgraded to ~1% for the full year.

• Cost-to-income ratio expected to fall below 70% during the year.

• Continued focus on maintaining 500 bps positive Jaws between income and OpEx.

• Asset quality in retail, rural, and SME portfolios remains healthy, with stable or improving delinquency indicators.