IDFC posts 40.3 per cent decline in its PAT QoQ

IDFC Limited reported its results for the quarter ended December 2017. The total revenue from operations came in at Rs. 2,790 crore, representing 5.7 per cent sequential increase and a decline of 1.2 per cent YoY.

Its cash operating profit (EBITDA) amounted to Rs. 2,183 crore. The margins for the quarter was 78.3 per cent.

The company’s PAT came in at Rs. 108 crore, representing 40.3 per cent sequential decline and 6.5 per cent YoY increase.

The company has approved the merger of Capital First Limited and its wholly-owned subsidiaries.

On Tuesday, the scrip opened at Rs. 55.50 per share and touched an intraday high of Rs. 57.20.