IDFC Q1 net profit at Rs.167.81 Crores, up 38.42% YoY

Infrastructure Development Finance Company Ltd (IDFC) has announced the following Unaudited results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs 1678.10 million for the quarter ended June 30, 2007 as compared to Rs 1212.30 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3214.80 million for the quarter ended June 30, 2006 to Rs 5568.00 million for the quarter ended June 30, 2007.

The Consolidated results are as follows: The Group has posted a profit after tax of Rs 1809.80 million for the quarter ended June 30, 2007 as compared to Rs 1311.50 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3391.70 million for the quarter ended June 30, 2006 to Rs 6097.00 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.1.49 for the quarter ended June 30, 2007 compared to Rs.1.08 during quarter ended June 30, 2006.

During the quarter ended June 30, 2007 the Company has increased its equity interest from 33.33% to 66.66% in S S Kantilal Ishwarlal Securities Pvt Ltd, a domestic mid-size investment bank based in Mumbai, consequent to which it has become a subsidiary company.

The stock closed the day at Rs.131.85, up by Rs.3.65 or 2.85%. The total traded quantity was 3310630 compared to 2 week average of 2163712. The stock hit an intraday high of Rs.133 and low of Rs.126.10.

Source : Equity Bulls

Keywords