Companies

IDFC Q2 profit falls 36% to Rs 181 cr

PTI New Delhi | Updated on January 09, 2018

Infrastructure term lender IDFC Ltd today reported a 35.83 per cent decline in its consolidated profit to Rs 180.80 crore for second quarter ended September 30, 2017.

The company’s had posted a profit of Rs 281.79 crore in July-September quarter of 2016—17.

The consolidated total income of the company fell to Rs 2,657.01 crore during the second quarter of 2017—18, from Rs 2,704.13 crore in same period previous fiscal as revenues from operations fell, the company said in a regulatory filing.

However, calculated on standalone basis company’s net profit was up by 56.6 per cent to Rs 142.58 crore in July— September period of this fiscal against Rs 91.07 crore in the year—ago period.

Income (standalone) was at Rs 162.14 crore during the second quarter as against Rs 112.88 crore a year ago.

IDFC Ltd’s main business involves investment activities.

Shares of IDFC Ltd today closed 2.68 per cent down at Rs 61.70 per unit on BSE.

Published on October 30, 2017

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