Infrastructure Development Finance Company (IDFC) has posted 25.7% growth in its consolidated net profit, which stood at Rs 272.44 crore for the first quarter of current fiscal, as compared to Rs 216.71 crore in the same quarter of last year.

The company's total income grew by 14.26% to Rs 994.61 crore for the first quarter, as against Rs 870.51 crore in the same period last year.

IDFC registered a profit of Rs 243.50 crore, up 19%, in the quarter ended June 30, 2009, as compared to Rs 204.73 crore in the same quarter last year.

The company's net income surged 8.18% to Rs 877.89 crore in the June quarter, from Rs 811.53 crore in the same quarter last financial year.

The board has sanctioned the appointment of Mr. G C Chaturvedi as the government's nominee director on the board of the company, which will come into effect from tomorrow.