IDFC Q4 net profit rises 48.17% to Rs 382.21 cr

Infrastructure finance company IDFC on Thursday reported a 48.17 per cent jump in consolidated net profit at Rs 382.21 crore for the fourth quarter ended March 31, 2015.

The company had reported a net profit of Rs 257.94 crore in the corresponding period a year ago.

Total income from operations rose to Rs 2,751.24 crore during the quarter under review, an increase of 24.77 per cent from Rs 2,204.94 crore a year ago, IDFC said in a filing to the BSE.

During 2014-15, IDFC's net profit fell 5.31 per cent to Rs 1,706.95 crore compared with Rs 1,802.68 crore in 2013-14.

Total income in the last fiscal year increased to Rs 9,639.82 crore from Rs 8,772.04 crore in 2013-14.

Meanwhile, in a separate filing, IDFC said its Board of Directors have recommended payment of dividend for the financial year ended March 31, 2015 at Rs 2.60 per share.

Shares in IDFC ended at Rs 167.85 apiece on the BSE, up 1.21 per cent from the previous close.