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Our Bureau

Mumbai, April 25

Infrastructure Development Finance Co Ltd (IDFC) has posted a net profit of Rs 92.97 crore for the last quarter of 2006-07, as against Rs 82.39 crore in the corresponding quarter of the previous fiscal. The company's income was Rs 422.71 crore (Rs 274.21 crore). Its net profit for the whole of last fiscal was Rs 504 crore, an increase of 29 per cent over the previous fiscal. Its balance sheet size as on March 31, 2007 was Rs 17,982 crore, an increase of 50 per cent. The board of directors approved a plan to raise capital through issue of equity or quasi-equity instruments up to rupee equivalent of $500 million. The board also recommended a dividend of 10 per cent - Re 1 per equity share.

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