IDFC Limited (NSE: IDFC), founded in 1997, is a financial services company in India. It provides banking, asset management, and infrastructure financing services. IDFC’s lending portfolio includes project finance, infrastructure finance, corporate finance, and treasury products. In terms of earnings, Revenue from Operations for Q3 FY23 was ₹29.73 crore, a 45% decrease from ₹53.74 crore in the same period last year. Meanwhile, the Profit Before Tax improved to ₹254.56 Crore from ₹17.83 Crore from the same quarter previous year.
The Consolidated Net Profit was ₹272.06 crore up from ₹17.84 crore in the same quarter last year. The majority of Net Profit Income is came from Share at net pro lit/ (loss) or associate accounted for using equity method which is up to ₹229.31 Crore. This quarter’s earnings per share was ₹1.70. In the same time period, the company’s Tax Expense decreased down to ₹2.68 Crore from ₹35.78 Crore.