IDFC Q1 results show revenue fell from 52.67 crores to 29.91 crores, a -43.21% decrease in growth. EPS down from ₹21.20 to ₹1.65, down by -92.22%.
First, Let’s Begin with Quarter-on-Quarter Basis:
IDFC shared its Q1 results on Friday. They earned 29.91 crores in revenue this quarter, but that’s less than the 52.67 crores they made last quarter. Unfortunately, the company’s growth decreased by -43.21 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 264.15 crores, down from 3387.39 crores in the previous quarter. Their quarter-to-quarter growth decreased by -92.20 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹1.65, which is a decrease of -92.22% from the ₹21.20 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 29.91 crores this year (2023), which is 33.71 percent higher than last year’s total revenue of 22.37 crores.
This year’s PAT (Profit After Tax) is 264.15 crores, which is also 4.56% higher than last year’s PAT of 252.62 crores.
The EPS (Earnings Per Share) for this year is ₹1.65, which is 4.43% more than the EPS of ₹1.58 earned last year.
Also Read: Delhivery Q1FY24 Results: Consolidated Loss Drops to Rs. 89.48 Cr
IDFC Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About IDFC:
IDFC, which stands for Infrastructure Development Finance Company Limited, is a finance company based in India operating under the Department of Financial Services, Government of India. Its core services include providing finance and advisory support for infrastructure projects, as well as engaging in asset management and investment banking activities.
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