IDFC First Bank Shares Soar Over 5% After Record Profit

IDFC First Bank Shares Soar Over 5% After Record Profit

IDFC First Bank has reported its highest-ever quarterly profit, sending its shares soaring over 5%. The private sector lender's profit for the April-June quarter of FY27 has seen a sharp rise, along with healthy loan growth, improving asset quality and stronger margins. The bank's stock was trading at Rs 85.22, up 5.48% at the time of writing. The record profit has boosted investor confidence in the bank, with many expecting further growth in the coming quarters. The bank's management has attributed the strong performance to its focus on digital lending and improving operational efficiency.