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IDFC declines after reporting weak Q1 results

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Capital Market

IDFC dropped 1.56% to Rs 151.75 at 14:35 IST on BSE after net profit declined 46.36% to Rs 240.88 crore on 2.34% rise in total income to Rs 2087.08 crore in Q1 June 2015 over Q1 June 2014.

The company announced results during market hours today, 30 July 2015.

Meanwhile, the S&P BSE Sensex was up 174.58 points or 0.63% at 27,738.01.

On BSE, so far 13.46 lakh shares were traded in the counter as against average daily volume of 7.04 lakh shares in the past one quarter.

The stock hit a high of Rs 156.80 and a low of Rs 150.75 so far during the day. The stock had hit a 52-week high of Rs 187.50 on 4 March 2015. The stock had hit a 52-week low of Rs 134.20 on 8 October 2014.

 

The stock had outperformed the market over the past one month till 29 July 2015, rising 4.12% compared with Sensex's 0.3% decline. The scrip had however underperformed the market in past one quarter, dropping 7.05% as against Sensex's 1.24% gain.

The large-cap finance firm has equity capital of Rs 1593.91 crore. Face value per share is Rs 10.

The lender's ratio of net non-performing assets (NPAs) to net advances stood at 0.99% as on 30 June 2015, compared with 0.22% as on 31 March 2015 and 0.43% as on 30 June 2014.

The lender's ratio of gross NPAs to gross advances stood at 1.52% as on 30 June 2015, compared with 0.65% as on 31 March 2015 and 0.64% as on 30 June 2014.

On absolute basis, IDFC's gross non-performing assets (NPA) edged higher to Rs 81065 crore as on 30 June 2015 from Rs 35757 crore as on 31 March 2015 and Rs 34238 crore as on 30 June 2014.

The lender's Capital Adequacy Ratio (CAR) stood at 23.8% as on 30 June 2015, compared with 24.28% as on 31 March 2015 and 23.67% as on 30 June 2014.

IDFC's consolidated net profit declined 47.23% to Rs 254.21 crore on 1.71% growth in total income to Rs 2226.77 crore in Q1 June 2015 over Q1 June 2014.

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First Published: Jul 30 2015 | 2:23 PM IST

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