IDFC Q1 Net up 26% at Rs 272 crore

IDFC Q1 Net up 26% at Rs 272 croreInfrastructure Development Finance Company (IDFC) has informed that it has reported a decent 26% growth in its net profit on a consolidated basis which stood at Rs 272.43 crore for the quarter ended June 30, 2009 as compared to Rs 216.70 crore for the year-ago quarter.

The firm has also recorded a growth of 14.25% in its total income during the latest quarter which stood at Rs 994.61 crore against Rs 870.51crore recorded in the same quarter last fiscal.

Company's revenue from infrastructure operations grew 8.5% to Rs 884.0 crore from Rs 814.05 crore for the quarter ended 30 June, 2008.

On a standalone basis, the company has clocked 19% growth in its net profit which stood at Rs 243.49 crore during the reporting quarter as compared to Rs 204.73 crore for the quarter ended June 30, 2008.

Company's total income during the quarter under review climbed 8% to Rs 877.88 crore from Rs 811.53 crore for the quarter ended June 30, 2008.