IDFC hits 52-week high on reporting many fold jump in Q3 consolidated net profit
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IDFC is currently trading at Rs. 87.95, up by 3.45 points or 4.08% from its previous closing of Rs. 84.50 on the BSE.
The scrip opened at Rs. 90.25 and has touched a high and low of Rs. 90.25 and Rs. 85.80 respectively. So far 2660370 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.25 on 02-Feb-2023 and a 52 week low of Rs. 42.25 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 90.25 and Rs. 78.15 respectively. The current market cap of the company is Rs. 14119.86 crore.
The Institutions and Non-Institutions held 55.29% and 44.71% stake in the company.
IDFC has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported a fall of 30.75% in its net profit at Rs 22.34 crore for the quarter under review as compared to Rs 32.26 crore for the same quarter in the previous year. Total income of the company decreased 46.40% at Rs 29.13 crore for Q3FY23 as compared to Rs 54.35 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported many fold jump in its net profit at Rs 272.06 crore for the quarter under review as compared to Rs 17.81 crore for the same quarter in the previous year. However, total income of the company decreased 44.73% at Rs 29.71 crore for Q3FY23 as compared to Rs 53.75 crore for the corresponding quarter previous year.
