IDFC Ltd today reported a 20 per cent fall in standalone net profit at Rs 2.97 crore for the quarter ended June compared to Rs 3.71 crore in the April-June period of 2017-18.
Total income during the period rose to Rs 18.35 crore, from Rs 16.61 crore in same period of the preceding fiscal, IDFC said in a regulatory filing.
IDFC Ltd is mainly engaged in investment activities and is owned by institutions including mutual funds, alternate investment funds, foreign portfolio investors, insurance firms and banks among others.
Company shares closed 1.68 per cent up at Rs 48.50 on BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app