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 Q2FY25 of ₹1,707.00 Crores up from ₹37.00 Crore year on year, a rise of 36.67%.
Total Expenses for Q2FY25 of ₹997.00 Crores up from ₹680.00 Crores year on year, a rise of 46.62%.
Consolidated Net Profit of ₹529.00 Crores up 24.76% from ₹424.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹16.33, up 24.56% from ₹13.11 in the same quarter of the previous year.