IDFC's standalone Q1 net up 3%

IDFC's standalone Q1 net up 3%

However, profitability of the core lending business (excluding income from principal investments) over Q1 FY 2011 increased by 48 per cent, a company statement said here.

PAT increased by 1 per cent, from Rs 445 crore in Q1 FY 2011 to Rs 451 crore in Q1 FY 2012. PAT excluding gains from principal investments rose 43 per cent, from Rs 220 crore in Q1 FY 2011 to Rs 315 crore for Q1 FY 2012, it said.

The EPS (diluted) decreased by 20 per cent, from Rs 2.56 per share to Rs 2.04 per share on account of  Rs 3,494 crore capital raised in July 2010, the release said. After accounting for tax and share of profit in associate company, PAT decreased by 6 per cent, from Rs 335 crore in Q1 FY 2011 to Rs 314 crore in Q1 FY 2012.

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