IDFC Q2 net profit falls 9% to Rs 476 cr

IDFC's net profit fell by 9.3 percent to Rs 475.6 crore in the quarter ended September 2012 from Rs 524.3 crore in a year ago quarter.

Total income increased 18.8 percent to Rs 2,038.6 crore from Rs 1715.5 crore during the same period.

Net interest income rose nearly 31 percent YoY to Rs 656 crore for the quarter.

Gross non-performing assets declined to 0.28 percent from 0.3 percent and net NPAs slipped to 21.5 percent from 21.83 percent QoQ.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal 

Head Dealer 

DENIP Consultants Pvt Ltd