Credit rating agency, CARE has assigned A+ rating to IDFC’s long term bond programme worth Rs 1200 crore. The company has received the said rating on the back of adequate capitalization, comfortable liquidity position, and moderate earnings and financial risk profile.
On standalone basis, the company posted a fall of 33.92% in its net profit at Rs 131.01 crore for the quarter ended September 30, 2012 as compared to Rs 198.26 crore for the same quarter in the previous year. Total income decreased by 6.35% to Rs 709.74 crore for quarter under review as compared to Rs 757.91 crore for the quarter ended September 30, 2011.
