IDFC gains after reporting Q2 results

IDFC's rose 3.02% at Rs 109 at 10:24 IST on BSE after consolidated net profit rose 2.33% to Rs 486.75 crore on 5.38% growth in total income from operations to Rs 2148.46 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after trading hours on Thursday, 31 October 2013.

Meanwhile, the S&P BSE Sensex was up 28.85 points or 0.14% at 21,193.37.

On BSE, 7.69 lakh shares were traded in the counter as against average daily volume of 19.02 lakh shares in the past one quarter.

The stock hit a high of Rs 109.75 and a low of Rs 106.90 so far during the day. The stock had hit a 52-week high of Rs 185.35 on 7 January 2013. The stock had hit a 52-week low of Rs 76.25 on 28 August 2013.

The stock had outperformed the market over the past one month till 31 October 2013, surging 20.02% as compared to the Sensex's 9.21% rise. The scrip had, however, underperformed the market in the past one quarter, declining 3.29% compared with the Sensex's 9.4% rise.

The large-cap company has equity capital of Rs 1516.13 crore. Face value per share is Rs 10.

IDFC's gross loan book increased by 3% to Rs 55957 crore as on 30 September 2013, from Rs 54137 crore as on 30 September 2012.

IDFC is an integrated infrastructure finance player providing end to end infrastructure financing and project implementation services. The company also offers asset management services through IDFC Mutual Fund.

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