Home » IDFC Q4 profit dips 51 per cent

IDFC Q4 profit dips 51 per cent

Infrastructure Finance
May 1, 2014May 1, 2014
IDFC Q4 profit dips 51 per cent
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IDFC saw its fourth quarter consolidated net profit drop 51 per cent as income remained largely flat and expenses almost doubled. In the January-March period, the infrastructure finance company posted a net profit of Rs 258 crore against Rs 526 crore, a year ago. Total income, mainly from financing infrastructure projects, remained largely unchanged at Rs 2,205 crore. Total expenses during the quarter almost doubled to Rs 619 crore led by higher provisions and contingencies.

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