IDFC Q2 net profit down 15% at Rs 1.24 bn, total assets stand at Rs 98.2 bn

IDFC Ltd on Tuesday reported a fall of 15 per cent in its standalone net profit to Rs 1.2453 billion for the second quarter ended on September 30.

The company had registered a net profit of Rs 1.4654 billion in the July-September period of 2017-18.

Total income (standalone) was also down at Rs 1.4003 billion in the quarter as against Rs 1.6374 billion in the year-ago period, IDFC said in a regulatory filing.

IDFC Ltd, the promoter of IDFC Bank, said it is engaged in only one segment of business -- investment business -- and as such there is no separate reportable segment.

Total assets of the company as on September 30, 2018, stood at Rs 98.2073 billion.

Shares of IDFC Ltd closed at Rs 36.10 on BSE, up 0.42 per cent from previous close.

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