The board of Directors of IDFC Limited declared payment of dividend for the financial year ended March 31, 2013 at the rate of 26%, INR 2.6 per share, subject to the approval of shareholders at the ensuing annual general meeting. The dividend if approved by the shareholders at the annual general meeting, will be payable on July 30, 2013.

IDFC Limited reported audited consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, on standalone basis, the company reported total income from operations of INR 16,526.4 million compared to INR 12,763.4 million a year ago. Profit from ordinary activities before tax was INR 5,912.4 million compared to INR 5,160.9 million a year ago. Profit from ordinary activities after tax was INR 4,510.4 million or INR 2.95 per basic and diluted share compared to INR 3,568.9 million or INR 2.35 per basic and diluted share a year ago. For the full year, on standalone basis, the company reported total income from operations of INR 20,837.4 million compared to INR 16,583.0 million a year ago. Profit from ordinary activities before tax was INR 24,679.8 million compared to INR 22,013.6 million a year ago. Profit from ordinary activities after tax was INR 17,649.8 million or INR 11.59 per diluted share compared to INR 16,029.6 million or INR 10.54 per basic and diluted share a year ago. For fourth quarter, on consolidated basis, the company reported total income from operations of INR 22,167.9 million compared to INR 17,204.6 million a year ago. Profit from ordinary activities before tax was INR 6,934.2 million compared to INR 4,908.2 million a year ago. Profit from ordinary activities after tax was INR 5,288.5 million or INR 3.44 per basic and diluted share compared to INR 3,318.5 million or INR 2.19 per basic and diluted share a year ago. For the year, on consolidated basis, the company reported total income from operations of INR 81,385.9 million compared to INR 63,421.3 million a year ago. Profit from ordinary activities before tax was INR 25,935.6 million compared to INR 21,726.7 million a year ago. Profit from ordinary activities after tax was INR 18,424.3 million or INR 12.06 per basic and diluted share compared to INR 15,508.1 million or INR 10.20 per basic and diluted share a year ago. Operating income increased by 16% from INR 29,800 million to INR 34,680 million in the year 2013. Net interest income increased by 22% from INR 20,960 million to INR 25,640 million in the year 2013. This was driven by a net interest income from loans which expanded 26% from INR 18,800 million to INR 23,650 million in the year 2013. Net of principal gains, the PAT increased by 34% from INR 12,510 million in the year 2012 to INR 16,760 million in the year 2013. Consequently, ROE has increased from 13% to 14%. ROA has moved slightly down from 2.9% to 2.8%. EPS, it's earnings per share, fully diluted increased from INR 10.20 per share to INR 12.06 per share in the year 2013.

IDFC Limited announced that the Board of Directors at its meeting held on May 01, 2013, made the following changes in the organizational structure of the company. Mr. Deepak Parekh has stepped down as Founding Chairman of IDFC, but will remain associated with the company in a new role as chairman of IDFC's Advisory Council, a consultative body, comprising 3-4 eminent persons to be constituted in the coming months. Dr. Rajiv B Lall, currently serving as Vice Chairman & Managing Director (VC & MD) of IDFC has been appointed as Executive Chairman (EC) of the company. Mr. Vikram Limaye, currently serving as Deputy Managing Director (DMD) of IDFC has been appointed as Managing Director & CEO (MD & CEO) of the company. All the changes will be effective from close of business hours of May 1, 2013 and subject to the ratification of the shareholders at the ensuing annual general meeting. The board of Directors of the company at its meeting held on May 1, 2013, recommended payment of dividend for the financial year ended March 31, 2013 at the rate of 26%, INR 2.6 per share, subject to the approval of shareholders at the ensuing annual general meeting. The dividend if approved by the shareholders at the annual general meeting, will be paid by end of July 2013.