IDFC, an integrated infrastructure finance player and project implementation services provider, announced a substantial rise in consolidated net profit for the quarter ended March 2015. During the quarter, the profit of the company rose 48.18% to Rs 3,822.10 million from Rs 2,579.40 million in the same quarter last year.
Net sales for the quarter rose 16.41% to Rs 25,837.80 million, compared with Rs 22,196 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.37, registering 39.41% growth over previous year period.
Shares of the company gained Rs 2, or 1.21%, to settle at Rs 167.85. The total volume of shares traded was 1,615,313 at the BSE (Thursday).