Latest News
-
Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible? -
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24 -
Air India Enhances Operational Efficiency with New Crew Management System -
BlackRock Acquires Shares in Electrosteel Castings and PTC India for Rs 207 Crore -
IndiGo Enhances Domestic Routes with Direct Chennai-Durgapur Flights -
Tesla to Recall Nearly 4,000 Cybertrucks Over Accelerator Pedal Fault -
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY
IDFC shares slump 3 per cent post Q4 results
Shares in IDFC fell 3 per cent after the company reported lower than expected net profit. The stock of the company was down 3 per cent in trade at Rs 110.85.
IDFC posted a 50.9 percent decline in net profits, way below analysts estimates, with profit for the quarter ended March 31, 2014 at Rs 258 crore as against Rs 526 crore on a year-on-year basis.
The total income of the infrastructure finance company fell to Rs 2,205 crore as compared to Rs 2,217.5 crore in the same period of the previous fiscal year.
IDFC is among the two institutions that have received a banking license and the company is expected to begin the process after receiving an approval from the RBI recently.
Though the stock was down 3 per cent analysts believe that there maybe limited downside risk given the premium the institution is likely to receive on account of a banking license.
IDFC is among the top infrastructure financial institutions in the country.
GoodReturns.in
