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Mumbai, July 24

Infrastructure Development Finance Co Ltd (IDFC) has reported a 20 per cent increase in net profit at Rs 131 crore for the first quarter of the current fiscal, as against Rs 109 crore in the corresponding quarter of last fiscal. The gross approvals during the quarter reached Rs 2,640 crore involving 28 projects (Rs 1,911 crore), reflecting an increase of 38 per cent. The gross disbursement was Rs 1,332 crore (Rs 778 crore). While the net interest income from infrastructure loans during the quarter was Rs 108 crore, the net interest income from treasury operations was Rs 6 crore.

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