Epic Research Update : IDFC Q2

Consolidated net profit at Rs 421.4 crore versus Rs 486.7 crore (YoY)



Consolidated total income at Rs 2,486 crore versus Rs 2,148.5 crore (YoY)



Consolidated provisions at Rs 281.2 crore versus Rs 50 crore (YoY)



Gross NPAs at 0.62 percent versus 0.64 percent (QoQ)



Net NPAs at 0.42 percent versus 0.43 percent (QoQ)



Capital adequacy ratio at 25.92 percent versus 23.67 percent (QoQ) IDFC says



Financing undertaking to be demerged into IDFC Bank



IDFC Bank to issue 1 share for each share held in company



IDFC Financing Company to hold 53 percent stake in IDFC Bank



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Posted in: Indian Market Tips