Infrastructure Development Finance Company (IDFC) has announced its first quarter financial results for the fiscal year 2010-11.

According to the report, it has registered a significant 23% rise in its net profit in the quarter under review against its like period a year ago. Infrastructure Development Finance Company (IDFC) has posted a net profit of Rs 335.1 crore for the first quarter that ended in 30th June, 2010. For the similar quarter last year, the company has registered a net profit of Rs 272.4 crore.

So there has been a hike of 23% in the net profit figure in Q1 this year. IDFC has informed this in a filing at the Bombay Stock Exchange.

The total income of the company has gone up Rs 1,091.3 crore during the April-June quarter of fiscal year 2010-11 which was reported to be Rs 992.2 crore for the same quarter in the preceding year.

The standalone net profit of the company is found out to be Rs 319.7 crore for the June quarter of the current year.