IDFC reports 16% jump in Q2 net profit

Infrastructure finance company IDFC reported a 16 per cent growth in net profit.

Infrastructure finance company IDFC reported a 16 per cent growth in net profit to Rs 338.39 crore for the July-September quarter of 2010-11 fiscal.

Infrastructure Development Finance Company (IDFC) had a net profit of Rs 291.84 crore in the July-September quarter of 2009-10,IDFC informed the Bombay Stock Exchange. Total income of the company has increased to Rs 1,219.13 crore for the quarter ended September 30,2010,from Rs 1,034.35 crore in the comparable period.

Further,during the half-year end September 30,2010,IDFC’s clocked a net profit of Rs 673.50 crore,up from Rs 565.30 crore in the comparable period of 2009-10.

On the Bombay Stock Exchange,IDFC’s stock closed at Rs 214.80,down 0.39 per cent from its previous close.

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