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IDFC Q3 net up 21%

HT Correspondent, Hindustan Times  Mumbai, February 04, 2013
First Published: 22:25 IST(4/2/2013) | Last Updated: 22:27 IST(4/2/2013)

Infrastructure finance company IDFC's net profit rose by 21% to Rs. 469 crore while its revenue rose 25% to Rs. 1,975 crore for the third quarter from October-December 2012, compared to the corresponding period last year.


However, its stock ended up one of the major losers on the Bombay Stock Exchange (BSE) on Monday, falling 5.7% to Rs. 158.65 on the BSE.

Although its gross loan book increased by 22% at Rs. 54,104 crore, the company said its net interest margin fell to 4.2% from 4.3% and non-interest income decreased 28% to Rs. 519 crore in the financial year so far.

Meanwhile, IDFC's income from principal gains decreased  by 82% to Rs. 58 crore.

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