Please find enclosed Earnings call Transcript for Q1 FY27

IDFCFIRSTBANK/SD/104/2026-27 July 31, 2026 National Stock Exchange of India Limited BSE Limited Mumbai 400 051 Mumbai 400 001 NSE - Symbol: IDFCFIRSTB BSE - Scrip Code: 539437 Dear Sir / Madam, Sub.: Transcript of Earnings Call for the quarter ended June 30, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the transcript of the earnings call for the quarter ended June 30, 2026, conducted after the meeting of Board of Directors held on July 25, 2026, for your information and records. The above information is also available on the Bank’s website at the following link: IDFC FIRST Bank - Transcript of the earnings call Q1 FY 2027 Request you to take the above on record. Thanking You, Yours faithfully, For IDFC FIRST Bank Limited Satish Gaikwad General Counsel and Company Secretary IDFC FIRST Bank Limited Corporate Office: IDFC FIRST Bank Tower, (The Square), C-61, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Tel: +91 22 7132 5500 Registered Office: KRM Towers, 7th Floor, No.1, Harrington Road, Chetpet, Chennai - 600 031, Tamil Nadu. Tel: +91 44 4571 6477 CIN: L65110TN2014PLC097792 | E-mail: bank.info@idfcfirstbank.com | Website: www.idfcfirst.bank.in “IDFC FIRST Bank Limited Q1 FY27 Earnings Conference Call” July 25, 2026 MANAGEMENT: MR. V. VAIDYANATHAN – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. SUDHANSHU JAIN – CHIEF FINANCIAL OFFICER – MR. SAPTARSHI BAPARI – HEAD INVESTOR RELATIONS & ESG Page 1 of 19 IDFC First Bank Limited July 25, 2026 Moderator: Ladies and gentlemen, good day and welcome to IDFC First Bank's Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing '*' then '0' on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Saptarshi Bapari, Head Investor Relations and ESG. Thank you and over to you, Mr. Bapari. Saptarshi Bapari: Thanks, Renju. Thanks a lot. Hi everyone, good evening. Thanks for joining the call. We have with us Mr. V. Vaidyanathan, MD and CEO of our bank, and Sudhanshu Jain, our CFO. So, we'll start with a brief financial update with Sudhanshu and then we can have some words from Vaidya and then we can open the forum for Q&A. Okay? So, I'll hand over to Sudhanshu. Sudhanshu Jain: Yes, thanks Saptarshi. Good evening everyone. First of all, thank you for participating on a Saturday evening. I will start with, in terms of sequence, I'll start with maybe the business side and then eventually cover the profitability segment. I would say that the business momentum was quite strong during the quarter. In fact, our customer business, which is your deposits plus your funded assets, that has crossed INR6 lakh crores during the quarter and we saw a Y-o-Y increase of almost about 20% both put together. Individually, if I now talk about loan book, there also we registered a strong growth of 20.6% on a Y-o-Y basis and that book has now crossed INR3 lakh crores to reach about INR3.05 lakh crores. This incremental growth on the loan side was primarily driven by mortgage, vehicle, corporate loans, and consumer loans. We have given a fairly detailed breakup on slide 29 of the presentation. If I talk of the retail segment, retail, agri, and the MSME book, that was at INR2.4 lakh crores and the wholesale book was at INR64,000 crores at June quarter. The retail, agri, and MSME book grew by about 18% on a Y-o-Y basis and in wholesale, we continue to power up and there the growth was even stronger at 30%. Just another data point, the MFI book was at INR6,700 crores at June-26 end. We saw a marginal increase as against the previous quarter. Also, another point which I want to put out is that 93% of the book is now covered in MFI through the CGFMU coverage. With respect to credit cards, the cards in force have now reached 4.8 million during the quarter. The book grew by about 19% on a Y-o-Y basis and was about INR9,600 crores. The spends on the credit card grew at a healthy pace of 22% on a Y-o-Y basis. Moving on to the wealth management business, there the AUM has now reached almost about INR64,000 crores and it grew at 24% on a Y-o-Y basis. In the same breath, if I now talk of the asset quality, then again on the asset quality, we saw an improving trajectory both across GNPA, NNPA, SMA, and some of those ratios. Just to put out some numbers, the gross NPA ratio of the bank, further improved by 10 basis points from 1.61% reported in Q4 to 1.51%. Similarly, on net NPA, we saw an improvement of 4 basis points to 0.44% for the quarter. Page 2 of 19 IDFC First Bank Limited July 25, 2026 If I now give further details around the retail, rural, and MSME segment, there also sequentially the gross NPA improved by 7 basis points to 1.40% and similarly net NPA improved by 4 basis points to 0.52%. Moving on, on gross slippages, happy to report that here we saw a 2% reduction on a Q-o-Q basis and on net slippages, we saw an improvement of about 4%. Gross slippages, if we have to compare on a Y-o-Y basis, then it's almost down by 30% and net slippages was lower by about 44% on a Y-o-Y basis. We know that last year initial quarters we also had higher slippages coming from MFI, but even if we exclude MFI slippage for both the corresponding quarters, the decline in gross and net slippage was 14% and 28% respectively. In terms of translation to the overall slippage ratio, that further improved to 2.49% in the current quarter as compared to 2.68% which we saw in the previous quarter. The collection efficiency of the bank continues to be quite stable now for many quarters; it was at 99.5% for the current quarter. Moving on to SMA 1 and 2 numbers, there we continued to see an improving trend. The SMA was at 0.77% in Q1 FY27 from 0.78% which we saw in the previous quarter and 1.01% in Q1 of last year. We have given a fairly detailed breakup across segments in terms of how SMA and NPA numbers have fared for us. Similarly in microfinance, I would say things have largely got restored on the asset quality front; here the SMA 1 and 2 normalized to now only 0.71%. If I now talk of deposits, then happy to report again that customer deposits now is just shy of INR3 lakh crores. It grew by about 16.6% on a Y-o-Y basis and 5.3% on a Q-o-Q basis. If I see total deposits, which is customer deposits plus certificate of deposit, then the growth was about 17.7% on a Y-o-Y basis and 5.9% on a Q-o-Q basis. Within customer deposits, CASA deposits I would say grew the fastest. So, CASA ratio for the quarter as a result improved by 1% to 50.8% and average CASA ratio stood above the 50% mark at 50.1%. The CASA deposits have now touched INR1.58 lakh crores. So, I would say the another milestone crossed during the quarter was CASA going beyond INR1,50,000 crores. Moving on to now the profitability section, happy to report that we have crossed profit of INR1,000 crores for the first time and the profit for the quarter stands at INR1,075 crores, which is an improvement of about 132% on a Y-o-Y basis. During the quarter, all operating metrics continued to demonstrate an improving growth trajectory. For example, NII grew by 21.1% on a Y-o-Y basis. This in fact improved from 15.7% which we saw as a Y-o-Y increase in the previous quarter. As a result, the net interest margin on an AUM improved by 3 basis points to 5.96% from 5.93% in the previous quarter. However, let me point out that the last quarter had a benefit of day count convention of about 8 basis points and in this quarter, we had some benefit on account of interest on income tax refund, which contributed to 6 basis points. If I exclude these two line items from the individual quarters, then the NIM has shown an improvement of [Showing first 8,000 characters — download PDF for full document]