IDFC Q1 net dips 46 per cent to Rs241 crore

Infrastructure finance company IDFC today reported a 46.36 per cent decline in fiscal first quarter net profit at Rs240.88 crore against a net profit of Rs449.07 crore for the April-June quarter of the 2014-15 financial year.

Total income of the company for the quarter ended 30 June 2015 increased marginally to Rs2,087.08 crore, from Rs2,039.17 crore for the quarter ended 30 June 2014, IDFC said in a BSE filing.

The group's consolidated net profit also declined 47.23 per cent to Rs254.21 crore during the quarter.

IDFC's consolidated net profit after taxes, minority interest and share of profit of associates stood at Rs481.74 crore in the corresponding three-month period last fiscal.

Total income rose to Rs2,226.77 crore during the first quarter, from Rs2,189.15 crore a year ago.
 
Shares of IDFC were trading 1.27 per cent lower at Rs152.20 on BSE.