IDFC's Oct-Dec profit rises 10 per cent at Rs 500 cr

Infrastructure finance company IDFC's consolidated profit rose by 10 per cent to Rs 500.68 crore in the third quarter ended December, 2013.
Company's consolidated net profit was Rs 455.07 crore during the corresponding quarter of 2012-13.
"The Group has posted a net profit after taxes, minority interest and share of profit at Rs 500.68 crore for the quarter ended December 31, 2013 as compared to Rs 455.07 crore for the quarter ended December 31, 2012," it said in a filing to the BSE.
Total income of the company during the quarter increased to Rs 2,122.84 crore from Rs 2,047.58 crore a year ago.

On standalone basis, the company posted a net profit of Rs 475.44 crore during Oct-Dec quarter
Standalone income increased from Rs 1,974.88 crore for the quarter ended December 31, 2012 to Rs 1,995.01 crore for the quarter ended December 31, 2013, it said.
Shares of the bank today closed 1.36 per cent higher at Rs 93.15 apiece on the BSE.