IDFC Limited has registered consolidated net profit of Rs 281.79 cr for the second quarter (Q2) ended September of the current fiscal. It had registered a net loss of Rs 1,468.83 cr in the July-September quarter of last fiscal 2015-16.
IDFC said in a regulatory filing that the total income of the group has increased to Rs 2,704.13 cr for the quarter under review, from Rs 2,493.86 cr for the year-ago period. It said that post the transfer of the financing undertaking of the company to IDFC Bank, which began operations in the month of October last year, it is mainly an investment company with least operations.
In the same manner, the results for the quarters ended June 30, 2016, September 30, 2016 and half year ended September 30, 2016 are not comparable with the results for corresponding quarter and half year of previous fiscal, IDFC added. On standalone basis, the company posted a net profit of Rs 91.07 cr in the second quarter of 2016-17 as compared to a net loss of Rs 1,411.38 cr a year earlier. The total income is Rs 112.88 cr for the September quarter, 2016 whereas the same was at Rs 2,458.10 cr in the corresponding year ago period, it said further. IDFC stock closed 2.72 per cent higher at Rs 69.95 on the BSE.
IDFC Share Price History:
Meanwhile, IDFC share price closed trading 0.58 per cent lower at Rs.69 on the National Stock Exchange (NSE) today. The scrip opened at Rs.69.85 from a previous closing of Rs.69.40.
IDFC is analyzed by Dynamic Levels Researchers and stock analysts as the top 500 performing scrips for this quarter among 1700 scrips which are listed on the National Stock Exchange (NSE).
For more details on the scrip and also financials and fundamentals of the company, please visit IDFC share price history.
Source: www.dynamiclevels.com
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