IDFC Q2 net down 15% at Rs 124.5 cr

PTI New Delhi | Updated on October 30, 2018 Published on October 30, 2018

IDFC Ltd on Tuesday reported a fall of 15 per cent in its standalone net profit to Rs 124.53 crore for the second quarter ended September 30.

The company had registered a net profit of Rs 146.54 crore in the July-September period of 2017-18.

Total income (standalone) was also down at Rs 140.03 crore in the quarter as against Rs 163.74 crore in the year-ago period, IDFC said in a regulatory filing.

IDFC Ltd, the promoter of IDFC Bank, said it is engaged in only one segment of business -- investment business -- and as such there is no separate reportable segment.

Total assets of the company as on September 30, 2018 stood at Rs 9,820.73 crore.

Shares of IDFC Ltd closed at Rs 36.10 on BSE, up 0.42 per cent from previous close.

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Published on October 30, 2018
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