On Monday, Infrastructure Development Finance Company Ltd (IDFC) announced a consolidated net profit of Rs 149.41 crore for the fourth quarter ended 31 March, 2008, a 60.69% growth over the corresponding period last year. The group had a net profit of Rs 92.98 crore in the fourth quarter of the last financial year. The consolidated total income rose to Rs 773.37 crore from Rs 427.71 crore a year ago. IDFC?s gross approvals showed an increase of 54% during financial year 2008 as against Rs 13,203 crore in FY 2007. Gross disbursements showed an increase of 63% from Rs 7, 357 crore to Rs.12, 006 crore. The board of directors has declared a dividend of Rs 1.2, on every share of Rs 10 held, for the financial year ended March 31.
IDFC net rises 61%
On Monday, IDFC announced a consolidated net profit of Rs 149.41 crore for the fourth quarter ended 31 March, 2008, a 60.69% growth over the corresponding period last year.
