Infrastructure Development Finance Company (IDFC) said its net profit dipped by 23.99 per cent to Rs 116.23 crore for the fourth quarter ended March 31, 2009.
The company had a net profit of Rs 152.92 crore for the same quarter ended March 2008, IDFC said in a filing to the Bombay Stock Exchange.
Income from operations rose to Rs 956.10 crore for the quarter under review from Rs 767.02 crore for the same quarter previous fiscal.
For the year ended March 31, the company posted net profit of Rs 749.82 crore, up 1.03 per cent from Rs 742.14 crore in the same period last year.
The board of directors of the company has recommended a dividend of Rs 1.20 per share, subject to the approval of shareholders.
Shares of IDFC settled at Rs 67.80, down 7.06 per cent on the BSE.