IDFC gains after announcing Q3 results

IDFC rose 1.29% to Rs 172.85 at 10:05 IST on BSE after consolidated net profit fell 15.79% to Rs 421.60 crore on 15.98% increase in total income to Rs 2462.08 crore in Q3 December 2014 over Q3 December 2013.

The Q3 results was announced after market hours yesterday, 29 January 2015.

Meanwhile, the S&P BSE Sensex was down 117.65 points or 0.4% at 29,564.12.

On BSE, so far 1.4 lakh shares were traded in the counter as against average daily volume of 8.76 lakh shares in the past one quarter.

The stock hit a high of Rs 173.20 and a low of Rs 170.60 so far during the day. The stock had hit a 52-week high of Rs 177.80 on 28 January 2015. The stock had hit a 52-week low of Rs 88.10 on 4 February 2014.

The stock had outperformed the market over the past one month till 29 January 2015, rising 8.49% compared with Sensex's 8.34% rise. The scrip had also outperformed the market in past one quarter, gaining 17.73% as against Sensex's 9.53% rise.

The large-cap lender has equity capital of Rs 1591 crore. Face value per share is Rs 10.

On absolute basis, gross non-performing assets (NPAs) edged up to Rs 368.58 crore as on 31 December 2014, from Rs 342.38 crore as on 30 September 2014 and Rs 340.80 crore as on 31 December 2013. The ratio of gross NPAs to gross advances rose to 0.68% as on 31 December 2014, from 0.62% as on 30 September 2014 and 0.62% as on 31 December 2013. The ratio of net NPAs to net advances rose to 0.47% as 31 December 2014, from 0.42% as on 30 September 2014. The ratio of net NPAs to net advances edged up on year-on-year basis. The ratio of net NPAs to net advances edged lower to 0.47% as 31 December 2014, from 0.5% as on 31 December 2013.

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