IDFC Limited was incorporated in 1997. It is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India. It continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC. IDFC’s holding in IDFC FIRST Bank has further reduced to 36.60% post the QIP issue done by the Bank in April 2021.
Financial Results:
- IDFC Ltd reported Revenues for Q1FY24 of ₹27.00 Crores up from ₹22.00 Crore year on year, a rise of 22.73%.
- Total Expenses for Q1FY24 of ₹14.00 Crores up from ₹8.00 Crores year on year, a rise of 75.0%.
- Consolidated Net Profit of ₹264.00 Crores up 4.76% from ₹252.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹1.65, up 4.43% from ₹1.58 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.