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(28/04/2017 15:48)

IDFC Mar-qtr net up 3.3% at Rs 134.80 cr

Country's one of the leading integrated infrastructure finance player IDFC Ltd on Friday posted a rise of 3.3 per cent in its consolidated net profit after taxes at Rs 134.80 crore for the fourth quarter ended March 31, 2017.

“The consolidated net profit of the investment company stood at Rs 130.45 crore during the same period a year ago,” IDFC Ltd said in a filing to the Bombay Stock Exchange on April 28, 2017.

Further, it’s consolidated total income grew by 22.7 per cent at Rs 2,577.88 crore during Q4 2016-17, against Rs 2,101.61 crore during the same period last year.

On full-year basis, it has posted a net profit of Rs 699.08 crore for FY ended March 31, 2017 where as it had posted a net loss of Rs 934.80 crore for the FY ended March 31, 2016.

Further, the total income of the company rose to Rs 10,467.72 crore for FY ended March 31, 2017, where as the same was at Rs 8,970.36 crore for the same period a year ago.

The Board of Directors of IDFC Ltd recommended a dividend of Rs 0.25 per share for the financial year ended March 31, 2017, subject to shareholders approval at the ensuing AGM.

Meanwhile, shares of the company closed at Rs 61.85 apiece, up 1.06 per cent, from previous close on BSE.