IDFC declines on reporting 51% fall in Q4 consolidated net profit

IDFC is currently trading at Rs. 111.45, down by 2.65 points or 2.32% from its previous closing of Rs. 114.10 on the BSE. The scrip opened at Rs. 111.50 and has touched a high and low of Rs. 113.00 and Rs. 110.35 respectively. So far 931938 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.45 on 17-May-2013 and a 52 week low of Rs. 76.25 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 121.20 and Rs. 110.35 respectively. The current market cap of the company is Rs. 16921.75 crore. The institutions and non-institutions held 82.02% and 17.98% stake in the company, respectively. IDFC has posted a fall of 52.77% in its net profit after tax at Rs 213.04 crore for the quarter ended March 31, 2014 as compared to Rs 451.04 crore for the same quarter in the previous year. Total income of the company has decreased by 2.50% at Rs 2032.04 crore for quarter under review as compared to Rs 2084.19 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 50.93% fall in its net profit after tax, share of minority interest and share of profit from associates at Rs 257.94 crore for the quarter ended March 31, 2014 as compared to Rs 525.70 crore for the same quarter in the previous year. However, total income of the company has increased marginally to Rs 2219.57 crore for quarter under review as compared to Rs 2218.41 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted marginal fall of 3.62% in its net profit after tax at Rs 1701.12 crore as compared to Rs 1764.98 crore for the same period in the previous year. However, total income of company has rose 5.86% at Rs 8231.93 crore for year under review as compared to Rs 7776.49 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 1.83% in its net profit after tax, share of minority interest and share of profit from associates at Rs 1802.68 crore as compared to Rs 1836.20 crore for the same period in the previous year. however, total income of company has increased by 7.87% at Rs 8789.99 crore for year under review as compared to Rs 8148.42 crore for the period ended March 31, 2013.