IDFC First Bank Q4: Profit at Rs 319 Cr Despite Rs 483 Cr Fraud Hit, Core PAT Jumps 145%

IDFC First Bank Q4 Shows Strong Recovery as Adjusted Profit Hits Rs 746 Cr, Loan Book Surges 87%, and Asset Quality Improves Despite One-Time Rs 483 Cr Fraud Impact

Written By:

Reviewed By:

Published on:

26 Apr 2026, 10:07 am

Updated on:

26 Apr 2026, 10:07 am

IDFC First Bank reported its Q4 results for FY26 with a small rise in profit. Net profit stood at Rs. 319 crore. Last year, it was Rs. 304 crore. The increase came even after a big fraud-related loss.

The Haryana fraud incident in Chandigarh affected the bank during the quarter. The total impact after tax was Rs. 483 crore. The bank recorded this full loss in Q4 itself. Management said no more losses are expected related to this incident. This step helped bring clarity to the situation.

Strong Core Performance Despite Loss

If this one-time loss is removed, the picture looks much better. The bank’s normal profit after tax comes to Rs. 746 crore. This is a sharp jump of 145% from last year. It shows that the core business remains strong.

Loan growth stayed very high during the quarter. The bank’s loan book grew by 87% compared to last year. This shows strong demand and better business activity. The wealth management segment also performed well. Its assets crossed Rs. 57,000 crore, reflecting 23% growth.

Improvement in Asset Qualit

Asset quality showed improvement. Gross non-performing assets came down to 1.61%. Net non-performing assets stood at 0.48%. Most parts of the business stayed stable. The microfinance segment had problems earlier, but the situation improved during FY26.

The bank also reduced the money set aside for bad loans. Provisions as a share of loans fell to 1.63% in Q4. Provisions as a share of total assets also dropped to 1.18%. These numbers show better control over risk.

Positive Outlook for Next Year

CEO V. Vaidyanathan said asset quality remains stable across most businesses. He said the microfinance issue affected the whole sector in the past. Now, that pressure has started to ease. The bank expects better performance ahead.

The new financial year has started on a positive note. Deposit growth in the first month of Q1 FY27 looks strong. The bank expects this trend to continue. Strong deposits will support future loan growth.

Overall, IDFC First Bank Q4 Results show steady performance. The Haryana fraud incident created pressure, but the bank managed it well. Growth in loans, better asset quality, and strong normal profit point to a stable future.

Also Read: Axis Bank Q4FY26: Profit at Rs. 7,071 Crore Dips as Provisions Hit Rs. 3,522 Crore, Loans Jump 19%