IDFC Q1 net dips 46% to Rs 241 cr

Total income increased marginally to Rs 2,087.08 crore for the quarter ended June 30, from Rs 2,039.17 crore for the quarter ended June 30, 2014, IDFC said in a BSE filing.

New Delhi: Infrastructure finance company IDFC on Thursday reported a 46.36 per cent decline in net profit at Rs 240.88 crore for June quarter of the current fiscal.

The company had a standalone net profit of Rs 449.07 crore in the corresponding period a year ago.

Total income increased marginally to Rs 2,087.08 crore for the quarter ended June 30, from Rs 2,039.17 crore for the quarter ended June 30, 2014, IDFC said in a BSE filing.

The consolidated net profit of the group also declined 47.23 per cent to Rs 254.21 crore during the quarter.

The group's net profit after taxes, minority interest and share of profit of associates was Rs 481.74 crore in the corresponding three month period last fiscal.

Total income of the group rose to Rs 2,226.77 crore during the first quarter, from Rs 2,189.15 crore year ago.

Shares of IDFC were trading 1.27 per cent lower at Rs 152.20 on BSE.

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