IDFC Q1 net up 21%

Infrastructure company Ltd posted a 21 per cent growth in consolidated net profit at Rs 380 crore for the quarter ended June 30, on higher interest and fee-based income.

It had posted a net profit of Rs 314 crore in the first quarter of 2011-12.

Net interest income rose 30 per cent to Rs 629 crore in the quarter, over Rs 483 crore a year ago.

Non-interest income comprising revenues from streams such as investments and loan-related fees rose 24 per cent to Rs 137 crore from Rs 110 crore, IDFC said in a statement.

Its provisions bill (for loan and investments) rose 155 per cent to Rs 103 crore against Rs 40 crore a year ago.

Provision for investments (erosion in their value) were up 562 per cent to Rs 64 crore from Rs 10 crore. Operational costs rose just three per cent to Rs 117 crore.

The balance sheet grew 25 per cent from Rs 51,898 crore at the end of June 2011 to Rs 65,017 crore at the end of June. 34 per cent from Rs 38,108 crore to Rs 50,892 crore. Gross disbursements increased 55 per cent to Rs 4,502 crore from Rs 2,904 crore a year earlier.

The to 21.83 per cent from 24.01 per cent. It still remains way higher than the regulatory norm of a 15 per cent.

image
Business Standard
177 22
Business Standard

IDFC Q1 net up 21%

BS Reporter  |  Mumbai 



Infrastructure company Ltd posted a 21 per cent growth in consolidated net profit at Rs 380 crore for the quarter ended June 30, on higher interest and fee-based income.

It had posted a net profit of Rs 314 crore in the first quarter of 2011-12.

Net interest income rose 30 per cent to Rs 629 crore in the quarter, over Rs 483 crore a year ago.

Non-interest income comprising revenues from streams such as investments and loan-related fees rose 24 per cent to Rs 137 crore from Rs 110 crore, IDFC said in a statement.

Its provisions bill (for loan and investments) rose 155 per cent to Rs 103 crore against Rs 40 crore a year ago.

Provision for investments (erosion in their value) were up 562 per cent to Rs 64 crore from Rs 10 crore. Operational costs rose just three per cent to Rs 117 crore.

The balance sheet grew 25 per cent from Rs 51,898 crore at the end of June 2011 to Rs 65,017 crore at the end of June. 34 per cent from Rs 38,108 crore to Rs 50,892 crore. Gross disbursements increased 55 per cent to Rs 4,502 crore from Rs 2,904 crore a year earlier.

The to 21.83 per cent from 24.01 per cent. It still remains way higher than the regulatory norm of a 15 per cent.

RECOMMENDED FOR YOU

IDFC Q1 net up 21%

Infrastructure finance company IDFC Ltd posted a 21 per cent growth in consolidated net profit at Rs 380 crore for the quarter ended June 30, on higher interest and fee-based income.

Infrastructure company Ltd posted a 21 per cent growth in consolidated net profit at Rs 380 crore for the quarter ended June 30, on higher interest and fee-based income.

It had posted a net profit of Rs 314 crore in the first quarter of 2011-12.

Net interest income rose 30 per cent to Rs 629 crore in the quarter, over Rs 483 crore a year ago.

Non-interest income comprising revenues from streams such as investments and loan-related fees rose 24 per cent to Rs 137 crore from Rs 110 crore, IDFC said in a statement.

Its provisions bill (for loan and investments) rose 155 per cent to Rs 103 crore against Rs 40 crore a year ago.

Provision for investments (erosion in their value) were up 562 per cent to Rs 64 crore from Rs 10 crore. Operational costs rose just three per cent to Rs 117 crore.

The balance sheet grew 25 per cent from Rs 51,898 crore at the end of June 2011 to Rs 65,017 crore at the end of June. 34 per cent from Rs 38,108 crore to Rs 50,892 crore. Gross disbursements increased 55 per cent to Rs 4,502 crore from Rs 2,904 crore a year earlier.

The to 21.83 per cent from 24.01 per cent. It still remains way higher than the regulatory norm of a 15 per cent.

image
Business Standard
177 22

More News

  • Bandhan's first year
  • Image via Shutterstock Rupee rebounds 6 paise on calmer dollar
Widgets Magazine
Widgets Magazine
Advertisement

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard