IDFC First Bank stock gains 2.96 percent as profits rebound

IDFC First Bank stock gained 2.96 percent to INR 87.90 on the NSE on September 23, 2026, leaving the price 1.91 percent below its 52-week high of INR 89.61. The move came against a backdrop of a sharp Q1 FY27 earnings recovery, with net profit reaching INR 1,075 crore.

Q1 profit reaches INR 1,075 crore

IDFC First Bank reported its highest quarterly profit in Q1 FY27, according to NDTV Profit. The result was up 132.42 percent from INR 463 crore in the year-ago quarter, giving the bank a clear earnings comparison for the stock move.

Net interest income rose 21 percent to INR 5,972 crore from INR 4,933 crore, while operating profit increased 14 percent to INR 2,553 crore from INR 2,239 crore. Provisions declined to INR 1,144 crore from INR 1,659 crore, although they rose from INR 869 crore in the preceding quarter, NDTV Profit reported.

Margins and asset quality improve

The bank's net interest margin rose 25 basis points to 5.96 percent in Q1 FY27. Gross nonperforming assets declined to 1.51 percent from 1.61 percent in the preceding quarter, while net NPA fell to 0.44 percent from 0.48 percent, according to NDTV Profit.

That combination matters because the profit increase was accompanied by higher net interest income and lower gross NPA levels. The quarterly figures therefore give the market two measurable signals: earnings growth and improving reported asset quality.

UBS lifts target to INR 92

UBS raised its IDFC First Bank price target from INR 78 to INR 92 and changed its rating from sell to neutral on September 1, 2026, citing an improving earnings outlook and asset quality, according to NDTV Profit. The revised target is INR 4.10 above the September 23 market price, while the share price remained INR 1.71 below its 52-week high.

Stock stays below yearly high

IDFC First Bank stock stood at INR 87.90 on the NSE on September 23, 2026, with a market capitalization of INR 757,425,510,000. Its 52-week range was INR 58.08 to INR 89.61, placing the latest price near the upper end of the annual range while the Q1 earnings comparison remains central to the valuation discussion.