The group's consolidated net profit was Rs. 525.70 crore in the corresponding quarter of fiscal year 2012-13.
Total income rose marginally to Rs. 2,219.57 crore during the quarter, from Rs. 2,218.41 crore a year ago, IDFC said in a filing to the BSE.
For the entire financial year 2013-14, IDFC posted a 1.82 per cent drop in net profit to Rs. 1,802.68 crore from Rs. 1,836.20 in 2012-13.
Total income last fiscal year increased to Rs. 8,789.99 crore in 2013-14, from Rs. 8,148.42 crore in the previous year.
On a standalone basis, net profit more than halved to Rs. 213.04 crore during the March quarter as against Rs. 451.04 crore in the year-ago period.
For the entire fiscal year, standalone net profit fell 3.62 per cent to Rs.1,701.12 crore from Rs. 1,764.98 crore for the year ended March 31, 2013.