IDFC Q3 net profit increases

IDFC Limited, which is engaged in financing by loans, asset management and investment banking, has reported that net profit after taxes, minority interest and share of profit of associates for the third quarter ended December 31, 2012 was INR4.55 billion, or INR2.98 per diluted share, compared to INR3.81 billion, or INR2.5 per diluted share, for the third quarter ended December 31, 2011.

Total income from operations for the third quarter ended December 31, 2012 was INR20.42 billion, compared to INR15.55 billion for the third quarter ended December 31, 2011.

Net profit after taxes, minority interest and share of profit of associates for the nine months ended December 31, 2012 was INR13.1 billion, or INR8.62 per share, compared to INR12.1 billion, or INR8.01 per diluted share, for the nine months ended December 31, 2011.

Total income from operations for the nine months ended December 31, 2012 was INR59.21 billion, compared to INR46.22 billion for the nine months ended December 31, 2011.