IDFC First BANK Limited

IDFC First Bank Limited (IDFCFIRSTB) is a mid-cap Financial Services company valued at ₹67,327 crore operating in Private Sector Bank on the NSE and BSE.

Recent price move

IDFC First Bank Limited last traded at ₹78.08, modestly down 1.25% on the day.

Recent developments

On 2026-10-07, the company reported strong Q2FY27 business with 30% growth in loans, 26% deposits, and 20% in CASA, leading to a 30% rally in its shares over six months. On 2026-10-05, the bank's shares rose 2.34% to ₹82.20 after reporting Q2 results with loan growth of 20% and deposit growth of 17% YoY. On 2026-09-29, the Enforcement Directorate searched jewellery shops in Haryana and Punjab over a ₹645-crore bank fraud case. On 2026-09-24, bank and financial stocks fell due to regulatory scrutiny over insurance payouts, with IDFC First Bank among the affected.

Financial performance

The company's annual net profit rose 5.6% to ₹1,611 crore, but the latest quarter saw a sharp increase of 147.9% to ₹1,148 crore compared to the same quarter a year earlier. The net profit margin remains at 4.0%, while return on equity is 3.4%, showing a modest return for shareholders.

Valuation multiples

The stock trades at 41.3 times earnings, a premium to the Financial Services median of 19.3, 1.46 times book value. It yields 0.3%.

Things to watch

The company's profit growth has slowed, with a 3-year CAGR of -12.9% and a 5-year CAGR of 28.9%, indicating a recent decline in profitability. The company is also facing regulatory scrutiny over a ₹645-crore fraud case, which could impact its reputation and operations. The stock is 11.3% below its 52-week high, suggesting a lack of recent momentum.

Where it stands

IDFC First Bank's latest quarter showed a significant jump in net profit, but annual profit growth is modest. The stock is trading below its 52-week high, and the company faces regulatory challenges. The most recent development is the strong Q2FY27 business update, which highlights growth in loans and deposits.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.