IDFC First Bank shares extend post-Q1FY27 results rally. Will it climb to a new 52-week high?
New Delhi, July 28 -- IDFC First Bank shares extended their post-earnings rally on Tuesday, 29 July, after the private lender reported its highest-ever quarterly profit for the first quarter of FY27.
The bank posted a 132.4% year-on-year jump in profit after tax (PAT) to Rs.1,075 crore for the April-June 2026 quarter, compared with Rs.463 crore in the corresponding period last year.
According to its regulatory filing, total customer business rose 18.6% year-on-year to Rs.6,04,776 crore as of 30 June 2026, from Rs.5,10,031 crore a year earlier.
The bank's loans and advances increased 20.6% to Rs.3,05,370 crore from Rs.2,53,233 crore in the year-ago period, reflecting healthy credit growth.
Asset quality also strengthened during the qua...
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