Private lender IDFC First Bank reported a 4.9 per cent year-on-year rise in net profit for the fourth quarter of FY26 at ₹319 crore, compared with ₹304 crore in the corresponding period last year.
The bank said normalised profit after tax (PAT) stood at ₹746 crore for the quarter, excluding one-time items such as the recent fraud incident involving Haryana state government accounts, treasury loss, and income tax refund.
Net interest income rose 15.7 per cent to ₹5,677 crore from ₹4,907 crore a year ago, driven by healthy growth in interest income, which increased 12.1 per cent to ₹10,552.8 crore. Interest expenses rose 8.2 per cent to ₹4,875.58 crore during the quarter.
Pre-provision operating profit (PPOP), however, declined 41.6 per cent year-on-year to ₹1,059 crore from ₹1,812 crore, reflecting pressure on non-interest income.
Net interest margin (NIM) moderated slightly to 5.93 per cent, compared with 5.95 per cent in the year-ago period.
Asset quality also improved, with gross non-performing assets (GNPA) easing to 1.61 per cent from 1.69 per cent sequentially, and from 1.89 per cent on an annual basis; net non-performing assets (NNPA) declined to 0.48 per cent from 0.53 per cent, both sequentially and from the year-ago period.
Provisions fell 37.9 per cent quarter-on-quarter to ₹869 crore from ₹1,398 crore, supporting profitability during the quarter.
The bank also reported a tax refund of ₹130 crore during the period, compared with a tax expense of ₹57 crore in the year-ago quarter.
