IDFC reports 90% fall in Q1 consolidated net profit
16th Aug 2019

IDFC has reported results for first quarter ended June 30, 2019.   

The company has reported over eight-fold jump in its net profit at Rs 25.81 crore for the quarter under review as compared to Rs 2.97 crore for the same quarter in the previous year. Total income of the company increased by over two-fold at Rs 45.14 crore for Q1FY20 as compared Rs 18.35 crore for the corresponding quarter previous year.  

On the consolidated basis, the company has reported a fall of 89.88% in its net profit at Rs 5.18 crore for the quarter under review as compared to Rs 51.21 crore for the same quarter in the previous year. However, total income of the company increased by 6.94% at Rs 133.04 crore for Q1FY20 as compared Rs 124.41 crore for the corresponding quarter previous year.