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IDFC reports 47% rise in Q1FY14 consolidated net profit

29 Jul 2013 Evaluate

IDFC, country’s leading integrated infrastructure finance player, has reported results for the quarter ended June 30, 2013.

The company’s net profit for the quarter grew by 34.03% at Rs 514.54 crore as compared to Rs 383.89 crore for the corresponding quarter of previous fiscal. Company’s total Income has increased by 20.90% at Rs 2138.53 crore for the quarter under review from Rs 1768.84 crore for the June quarter of the previous fiscal.

On consolidated basis, the Group’s net profit increased by 46.74% at Rs 557.31 crore for the quarter ended June 30, 2013 against Rs 379.78 crore for the quarter ended June 30, 2012. Total Income grew by 24.77% at Rs 2298.57 crore for the quarter against Rs 1842.17 crore for the first quarter of previous year.

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