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 Q3FY24 of -₹8.00 Crores down from ₹30.00 Crore year on year.
Total Expenses for Q3FY24 of ₹5.00 Crores up from ₹4.00 Crores year on year, a rise of 25.0%.
Consolidated Net Profit of ₹210.00 Crores down 22.79% from ₹272.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹1.31, down 22.94% from ₹1.70 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.