Q4FY17 Results : IDFC Ltd
IDFC posted its Q4FY17 results today
The company's NII for the quarter decreased by 23% QoQ to Rs.809 crore.
The company has recovered bad loans of Rs 1298 crore.
Its net profit for the quarter increased by 15.7% QoQ to 248 crore.
The board has proposed a dividend of Rs.0.25 per equity share of Rs.10 each.
IDFC's NII for FY17 increased 18.7% to Rs 3080 crore and its net profit increased to Rs 1178 crore.
IDFC Ltd is an Indian integrated infrastructure finance company providing end-to-end infrastructure financing and project implementation services. The company businesses include corporate investment banking, alternative asset management and public market asset management.