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Infrastructure Development Finance Company gains on reporting 25% rise in Q2 consolidated net profit
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IDFC is currently trading at Rs. 79.45, up by 0.25 points or 0.32% from its previous closing of Rs. 79.20 on the BSE.
The scrip opened at Rs. 80.30 and has touched a high and low of Rs. 80.30 and Rs. 77.90 respectively. So far 406475 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 82.45 on 09-Nov-2022 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. 82.45 and Rs. 77.90 respectively. The current market cap of the company is Rs. 12592.55 crore.
The Institutions and Non-Institutions held 54.56% and 45.44%, stake in the company respectively.
IDFC has reported results for second quarter ended September 30, 2022.
The company has reported a rise of 76.77% in its net profit at Rs 14.23 crore for the quarter under review as compared to Rs 8.05 crore for the same quarter in the previous year. Total income of the company increased by 16% at Rs 20.15 crore for Q2FY23 as compared Rs 17.37 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 25.06% in its net profit at Rs 332.09 crore for the quarter under review as compared to Rs 265.55 crore for the same quarter in the previous year. Total income of the company increased by 97.77% at Rs 58.46 crore for Q2FY23 as compared Rs 29.56 crore for the corresponding quarter previous year.
