IDFC Ltd Q1 net profit declines to Rs 5 cr

Infrastructure lender IDFC Ltd on Wednesday reported a tenfold decline in consolidated net profit to Rs 5.18 crore for the first quarter ended June.

The company's consolidated net profit had stood at Rs 51.21 crore in the corresponding quarter a year ago.

However, the company's total income rose to Rs 133.04 crore in the April-June 2019 quarter, from Rs 124.41 crore a year ago.