IDFC announces Q3 results

Thebullishtrends: IDFC share price closed today at Rs.222.50(3.78%). Infrastructure Development Finance Company Ltd (IDFC) has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 198.60 crore for the quarter ended December 31, 2007 as compared to Rs 115.10 crore for the quarter ended December 31, 2006. Total Income has increased from Rs 386.20 crore for the quarter ended December 31, 2006 to Rs 691.90 crore for the quarter ended December 31, 2007.The Consolidated results are as follows:The Group has posted a net profit of Rs 217.20 crorefor the quarter ended December 31, 2007 as compared to Rs 124.90 crore for the quarter ended December 31, 2006. Total Income has increased from Rs 402.30 million for the quarter ended December 31, 2006 to Rs 766.70 million for the quarter ended December 31, 2007.

IDFC has posted very good results due to the poor market conditions the share price has not yet picked up, one can see rise in share price in the first week of Feb'08.