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IDFC reports many fold jump in Q3 consolidated net profit

02 Feb 2023 Evaluate

IDFC has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a fall of 30.75% in its net profit at Rs 22.34 crore for the quarter under review as compared to Rs 32.26 crore for the same quarter in the previous year. Total income of the company decreased 46.40% at Rs 29.13 crore for Q3FY23 as compared to Rs 54.35 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported many fold jump in its net profit at Rs 272.06 crore for the quarter under review as compared to Rs 17.81 crore for the same quarter in the previous year. However, total income of the company decreased 44.73% at Rs 29.71 crore for Q3FY23 as compared to Rs 53.75 crore for the corresponding quarter previous year.

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