IDFC Apr-June net down 13 per cent at Rs 449 crore

Tags: News
IDFC Ltd has reported a fall of 12.7 per cent in its standalone net profit at Rs 449.07 crore in the first quarter ended June 2014.

Its net profit was at Rs 514.54 crore over in the corresponding April-June quarter in the previous fiscal.

"Total income has decreased from Rs 2,138.53 crore for the quarter ended June 30, 2013 to Rs 2,039.17 crore for the quarter ended June 30, 2014," it said in a filing to BSE.

On consolidated basis, IDFC group has reported net profit of Rs 481.74 crore during April-June 2014-15, down from Rs 557.31 crore a year ago.

Total income also decreased from Rs 2,298.57 crore for the quarter ended June 30, 2013 to Rs 2,189.15 crore for the quarter ended June 30, 2014.

EDITORIAL OF THE DAY

  • India’s commercial links with Britain since Company Raj will still prosper

    There is little point in shedding tears over Britain’s exit from the European Union (EU).

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Regimenting art runs counter to a creative society

For poetry makes nothing happen,” so said American poet WH ...

Zehra Naqvi

Of traitors & cadavers

There’s nothing like a book that arrests you from the ...

Dharmendra Khandal

Why drone technology doesn't work

Poaching and anti-forestry activities are a problem for forest departments ...