The firm had a net profit of Rs 180.98 crore in the first quarter of FY'08, IDFC said in a filing to the National Stock Exchange.
The net sales rose to Rs 868.61 crore in the latest quarter, from Rs 609.63 crore in the same period a year-ago.
The company reported a 22 per cent growth in standalone net profit at Rs 204.73 crore for the first quarter of FY'09, from Rs 167.81 crore in the corresponding quarter last year.
The net sales rose to Rs 809.71 crore in the latest quarter, from Rs 556.79 crore in the same period a year-ago.
Shares of IDFC were trading at Rs 102,up 7.37 per cent on the BSE.