Stock market today, Jan. 27 -- Shares of IDFC First Bank, formed by merging the banking arm of project financer Infrastructure Development Finance Company (IDFC) and Capital First, tumbled 5.4% in early morning trade on Monday, January 27, to Rs.58.90 apiece after the bank's Q3FY25 numbers, released on Saturday, missed analyst estimates.

The bank reported a sharp 53% drop in standalone net profit to Rs.339.4 crore, significantly lower than the analyst projection of Rs.551 crore. The decline in net profit was attributed to increased opex and elevated provisions. Credit costs and slippages remained high due to stress in the microfinance (MFI) portfolio.

Sequentially, net profit grew by 69% from Rs.201 crore in the preceding September quar...