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IDFC reports 20 per cent fall in net profit at Rs 2.97 crore in Q1

Total income during the period rose to Rs 18.35 crore, from Rs 16.61 crore in same period of the preceding fiscal, IDFC said in a regulatory filing.


PTI Last Updated at 30 Jul 2018, 21:07 IST India

IDFC Ltd today reported a 20 percent fall in standalone net profit at Rs 2.97 crore for the quarter ended June compared to Rs 3.71 crore in the April-June period of 2017-18.

Total income during the period rose to Rs 18.35 crore, from Rs 16.61 crore in same period of the preceding fiscal, IDFC said in a regulatory filing.

IDFC Ltd is mainly engaged in investment activities and is owned by institutions including mutual funds, alternative investment funds, foreign portfolio investors, insurance firms and banks among others.

Company shares closed 1.68 percent up at Rs 48.50 on BSE.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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