IDFC FIRST BANK - Dark Horse Again ?*

​

Management guided full-year NIM closer to 5.8% (revised from earlier 5.75% guidance).

Asset quality improved across metrics: gross NPA down to 1.51% (from 1.61%), net NPA down to 0.44%, gross slippages down 30% YoY, collection efficiency stable at 99.5%.

Management raised full-year credit cost guidance to 150-160 bps (from prior 170-180 bps) and reiterated confidence in achieving ~1% ROA for FY27, driven by better-than-expected credit costs; ROA in Q1 was already at kissing distance of 1% (adjusted ~90 bps).