IDFC has reported results for first quarter ended June 30, 2014.
The company’s net profit has declined 12.72% at Rs 449.07 crore as compared to Rs 514.54 crore for the quarter ended June 30, 2013. The company’s total income has decreased by 4.64% to Rs 2039.17 crore for the quarter under review from Rs 2138.53 crore for the corresponding quarter of the previous year.
On the consolidated basis, the Group has reported 13.55% fall in its net profit after taxes & Minority interest at Rs 481.74 crore for the quarter as compared to Rs 557.31 crore for the same quarter in the previous year. Total income has decreased by 4.76% at Rs 2189.15 crore for quarter under review as compared to Rs 2298.57 crore for the quarter ended June 30, 2013.
