IDFC net profit up 12% at Rs 121 cr

Infrastructure Development Finance Company (IDFC) reported 11.95 per cent increase in net profit in the first quarter of 2006-07 to Rs 121.23 crore from Rs 108.28 crore a year earlier. Its total income increased by 25.64 per cent to Rs 321.77 crore from Rs 256.10 crore a year earlier.

Net interest income during the first quarter was Rs 1,56.81 crore. The infrastructure financing institution's operating profit in the first quarter of 2006-07 was Rs 147.2 crore against Rs 137.8 crore a year earlier.

IDFC's consolidated net profit in the first quarter of 2006-07 rose by 20 per cent to Rs 131.15 crore from Rs 109.19 crore a year earlier.