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IDFC reports 16% fall in Q3 consolidated net profit

30 Jan 2015 Evaluate

IDFC has reported results for third quarter ended December 31, 2014.

The company has registered a fall of 15.70% in its net profit after tax at Rs 400.80 crore for the quarter under review as compared to Rs 475.44 crore for the same quarter in the previous year. However, total income of the company has increased 16.22% at Rs 2318.65 crore for Q3FY15 as compared Rs 1995.01 crore for the corresponding quarter previous year.

On the consolidated basis the company’s net profit after tax, share of minority interest and share of profit/(loss) of associates declined 15.79% to Rs 421.60 crore for the Q3 FY15 as compared to Rs 500.68 crore in Q3 FY14. However, the total income increased 15.98% to Rs 2462.08 crore in the quarter under review as compared to Rs 2122.84 crore in the corresponding quarter previous year.

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