IDFC First Bank Q3 Results: Net Profit Surges 48%, NII Sees Gains

Core Insights - IDFC First Bank's net profit for Q3 FY26 increased by 48% year-on-year, reaching Rs 503 crore compared to Rs 339 crore in the same quarter last year [1][6] - The bank's Net Interest Income (NII) rose by 12% to Rs 5,492 crore from Rs 4,902 crore [1][6] - Operating profit saw a 15.6% increase, amounting to Rs 2,003 crore, up from Rs 1,759 crore [1][6] Asset Quality - Gross non-performing assets (NPA) decreased to 1.69% from 1.86% sequentially [1][6] - Net NPA experienced a slight increase to 0.53% from 0.52% in the previous quarter [1][6] Provisions - Provisions fell by 12% to Rs 1,398 crore compared to Rs 1,452 crore in the same period last year [2] Market Performance - IDFC First Bank's share price closed 48% higher at Rs 83.58 on NSE, contrasting with a 0.39% decrease in the Nifty index [4]