IDFC Q4 net slumps 25 pc, dividend at 10 pc

Mumbai, Apr 29 (UNI) Infrastructure Development Finance Company Ltd (IDFC) has posted a profit of Rs 73.55 crore for the quarter ended March 31, 2006 as compared to Rs 98.10 crore for the corresponding quarter last year, a decline of 25.02 per cent.

Announcing the results, the company said its total income has increased from Rs 250.96 crore in Q4 FY 05 to Rs 256.74 crore for Q4 FY 06.

It has posted a profit of Rs 375.64 crore for the year ended March 31, 2006 as compared to Rs 304.02 crore for the previous fiscal year. Total income rose from Rs 727.64 crore in FY 05 to Rs 1015.71 crore for FY 06.

The company has posted a profit after tax of Rs 390.75 crore for the year ended March 31, 2006 as compared to Rs 309.31 crore for the last fiscal year. Total income has increased from Rs 742.07 crore in FY 05 to Rs 1049.63 crore for FY 06.

The board of directors at its meeting proposed a dividend at 10 per cent subject to approval of the members at the ensuing Annual General Meeting.

UNI SN PP SKB1902