The company's consolidated net profit had stood at Rs 51.21 crore in the corresponding quarter a year ago.
IDFC Ltd and its subsidiary IDFC Financial Holding Company Ltd following their respective board meetings entered into an understanding with Dharmesh Mehta along with other investors.
Two sources in the know of the development, including a senior executive, confirmed to Moneycontrol that IDFC Ltd has shelved its plans to sell the asset management company.
Total income during the period rose to Rs 18.35 crore, from Rs 16.61 crore in same period of the preceding fiscal, IDFC said in a regulatory filing.
The company would seek shareholders' nod at the annual general meeting to be held this month.
IDFC Ltd today reported a 3.33 percent rise in consolidated net profit at Rs 134.80 crore for the fourth quarter ended March 2017.
Green bonds enable capital-raising and investment for projects with environmental benefits such as renewable energy, sustainable waste management, biodiversity conservation, clean transportation and sustainable water management.
The transfer of business to the new bank should coincide with commencement of banking business, IDFC Ltd said in a filing to BSE on Tuesday.
The inter-governmental panel, chaired by Economic Affairs Secretary, also cleared Blue Dart Express's proposal to acquire shares in Blue Dart Aviation Ltd and hike shareholding to 74 percent from 49 percent. This would entail investment between Rs 52.8 crore to Rs 69 crore.
Shares in financial firms such as IDFC Ltd fell in pre-open trading after the Reserve Bank of India announced measures late on Monday to curb the rupee's decline by tightening liquidity and making it costlier for banks to access funds from the central bank.
IDFC has adopted Equator Principles, an internationally accepted credit risk management framework for determining, assessing and managing environmental and social risk in Project Finance transactions
Global agency Fitch today cut credit rating outlook to negative from stable of 11 financial entities including SBI, ICICI Bank, PNB and Axis Bank. The action follows the revision earlier this week of India's outlook to negative.