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This is an archive article published on November 8, 2011

IDFC quarter net profit up nearly 55%

Company's income from operations during quarter rose to Rs 1,714.93 cr from Rs 1,216.75 cr.

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Infrastructure Development Finance Company Ltd (IDFC) has reported a jump of 54.93 per cent in net profit to Rs 524.27 crore for the quarter ended September 30,2011 on higher income from operations.

The non-banking finance company had posted a net profit of Rs 338.39 crore in the July-September quarter of 2010.

The company’s income from operations during the quarter rose to Rs 1,714.93 crore from Rs 1,216.75 crore in the same period last fiscal,IDFC said in a statement today.

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During the first six months of FY2011-12,the net profit of the company rose by 24.42 per cent to Rs 837.97 crore from Rs 673.51 crore in the corresponding period of the previous fiscal,it said.

The NBFC’s income from operations during the April-September 2011 period rose to Rs 3,066.27 crore from Rs 2,307.15 crore in the same period of FY2010-11,it added.

Shares of the company today closed down by 2.59 per cent at Rs 125.80 on the BSE.

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