IDFC Ltd Q3FY25; 42% rise in Profits

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 Q3FY25 of ₹2,760.00 Crores up from -₹8.00 Crore year on year, a rise of 37.11%.

Total Expenses for Q3FY25 of ₹1,838.00 Crores up from ₹1,327.00 Crores year on year, a rise of 38.51%.

Consolidated Net Profit of ₹735.00 Crores up 41.62% from ₹519.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.67, up 41.70% from ₹2.59 in the same quarter of the previous year.