IDFC PAT rises 29% to Rs 115 crore

BS 200 SCORECARD

Infrastructure Development Finance Company (IDFC) has reported a profit after tax (PAT) of Rs 115.15 crore for the third quarter ended December 31, 2006, up 28.80 per cent from Rs 89.40 crore in the same period a year ago.

Its total income soared 57.74 per cent to Rs 386.26 crore for the latest quarter, compared with Rs 244.86 crore recorded in the quarter ended December 31, 2005, the company informed the Bombay Stock Exchange.

The consolidated results of the group show that IDFC has posted a net profit of Rs 124.99 crore for the third quarter compared with Rs 93.38 crore in the same period of last year.

The group's consolidated income stood at Rs 402.30 crore in the latest quarter, up from Rs 253.27 crore recorded in the year-ago period.

HCC net drops 3%

Hindustan Construction Company's (HCC) net profit declined 2.95 per cent to Rs 21.99 crore for the quarter ended December 2006 from Rs 22.66 crore in the previous corresponding period.

Its total income rose 17.45 per cent to Rs 536.31 crore for the latest quarter compared with Rs 456.60 crore recorded in the quarter ended December 2005, the company informed the BSE.

The total balance value of work on hand of HCC as on December 31, 2006 is Rs 9,604 crore compared with Rs 7,478 crore on December 31, 2005, it added.