IDFC fell 0.55% to Rs 152.85 at 10:19 IST on BSE after consolidated net profit fell 13.55% to Rs 481.74 crore on 7.63% fall in total income from operations to Rs 2122.52 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced on Tuesday, 29 July 2014, when stock market was closed on account of Ramzan ID.
Meanwhile, the BSE Sensex was down 18.17 points, or 0.07%, to 25,973.06.
On BSE, so far 5.54 lakh shares were traded in the counter, compared with an average volume of 16.12 lakh shares in the past one quarter.
The stock hit a high of Rs 153.20 and a low of Rs 149 so far during the day. The stock hit a 52-week high of Rs 166.70 on 21 July 2014. The stock hit a 52-week low of Rs 76.25 on 28 August 2013.
The stock had outperformed the market over the past one month till 28 July 2014, rising 19.94% compared with 3.55% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 34.24% as against Sensex's 14.84% rise.
The large-cap company has an equity capital of Rs 1516.84 crore. Face value per share is Rs 10.
IDFC's provisions and contingencies jumped 244.65% to Rs.203.93 crore in Q1 June 2014 over Q1 June 2013.
Operating income decreased by 13% to Rs 887 crore in Q1 June 2014 over Q1 June 2013. Net interest income (NII) was stable at Rs 682 crore in Q1 June 2014 over Q1 June 2013. Non-interest income decreased by 60% to Rs 134 crore in Q1 June 2014 over Q1 June 2013. Operating expenses decreased by 60% to Rs 55 crore in Q1 June 2014 over Q1 June 2013.
Based on standalone financials, IDFC's ratio of gross non-performing assets (NPA) to gross advances stood at 0.64% as on 30 June 2014, higher than 0.56% as on 31 March 2014 and 0.32% as on 30 June 2013. The lender's ratio of net non-performing assets (NPA) to net advances stood at 0.43% as on 30 June 2014, higher than 0.37% as on 31 March 2014 and 0.2% as on 30 June 2013.
IDFC's gross loan book fell 7% to Rs 53848 crore on 30 June 2014 from Rs 57600 crore as on 30 June 2013. Gross approvals decreased by 68% to Rs 988 crore in Q1 June 2014 over Q1 June 2013. Gross disbursements decreased by 23% to Rs 2,463 crore in Q1 June 2014 over Q1 June 2013. Cumulative outstanding approvals was Rs 68468 crore as on 30 June 2014. Restructured loans as on 30 June 2014 - 5.3% of gross loans.
IDFC is India's leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
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