Infrastructure Development Finance Company (IDFC) has recorded a 25.7 per cent growth in net profit on a consolidated basis to Rs 272.43 crore for the quarter ended June 30, 2009 as compared to Rs 216.70 crore for the year-ago quarter.
Total income for the group grew 14.25 per cent to Rs 994.61 crore from Rs 870.51crore recorded in the corresponding quarter last year.
Revenue from infrastructure operations rose 8.5 per cent to Rs 884.0 crore from Rs 814.05 crore for the quarter ended 30 June, 2008. The contribution of the investment banking and asset management businesses to revneus nearly doubled to Rs 110 crore from Rs 58.79 crore in the corresponding quarter last year.
On a standalone basis, the company posted a 19 per cent growth in net profit to Rs 243.49 crore for the quarter ended June 30, 2009, as compared to Rs 204.73 crore for the quarter ended June 30, 2008.
Total income increased 8 per cent to Rs 877.88 crore from Rs 811.53 crore for the quarter ended June 30, 2008.
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