IDFC disclosed a sharp drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 12.72% to Rs 4,490.70 million from Rs 5,145.40 million in the same quarter last year.
Net sales for the quarter declined 7.70% to Rs 19,734.20 million, compared with Rs 21,380.40 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.96, registering 12.43% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 19,734.20 | 21,380.40 | (7.70) |
| Net Profit | 4,490.70 | 5,145.40 | (12.72) |
| Basic EPS | 2.96 | 3.38 | (12.43) |
Shares of the company declined Rs 1.25, or 0.81%, to trade at Rs 153.70. The total volume of shares traded was 1,111,108 at the BSE (3.56 p.m., Monday).
