IDFC Ltd - Financial Results : Growth of 30% (YoY) in Net Interest Income and 23% in PAT

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Highlights of 9M FY 2012

Ø       Net Interest income of ` 1,527 crore : an increase of 30%

Ø       Profit After Tax of ` 1,219 crore for 9M FY 2012 compared to ` 995 crore in 9M FY 2011: an increase of 23%

Ø       Balance sheet size as on December 31, 2011 - ` 56,180 crore : an increase of 17%

Ø       Net Loan book increased from ` 35,021 crore as on December 31, 2010 to ` 43,897 crore as onDecember 31, 2011: an increase of 25%

Ø       Net NPAs at 0.2% of outstanding loans

Ø       Average Assets under management – ` 37,228 crore

  

At its 86^th Board Meeting held on February 10, 2012, the Board of Directors of Infrastructure Development Finance Company Limited (IDFC) approved financial results for the period April 1, 2011 to December 31, 2011.

BALANCE SHEET

§         The balance sheet size grew by 17% from ` 48,030 crore as at December 31, 2010 to ` 56,180 crore as atDecember 31, 2011.

§         Net Loan book increased by 25% from ` 35,021 crore as at December 31, 2010 to ` 43,897 crore as atDecember 31, 2011.

§         Exposure was ` 66,015 crore as on December 31, 2011.

INCOME

§         Net Interest Income (NII) increased by 30% from ` 1,171 crore in 9M FY 2011 to ` 1,527 crore in 9M FY 2012.

o        NII from infrastructure loans increased by 25% from ` 1,076 crore in 9M FY 2011 to ` 1,340 crore in 9M FY 2012.

o        NII from treasury operations increased by 96% from ` 95 crore in 9M FY 2011 to ` 187 crore in 9M FY 2012.

§         Non Interest Income decreased by 3% from ` 729 crore in 9M FY 2011 to ` 710 crore in 9M FY 2012.

o        Fees from IDFC’s asset management business increased by 13% from ` 195 crore in 9M FY 2011 to ` 221 crore in 9M FY 2012.

o        Income from Investment banking and broking activity decreased by 63% from ` 161 crore in 9M FY 2011 to ` 60 crore in 9M FY 2012.

o        Income from principal investments increased by 90% from ` 169 crore in 9M FY 2011 to ` 321 crore in 9M FY 2012.

o        Loan related and other fees decreased by 47% from ` 203 crore in 9M FY 2011 to ` 108 crore in 9M FY 2012.

PROFITS

§         Profit before Tax increased by 23% from ` 1,367 crore in 9M FY 2011 to ` 1,682 crore in 9M FY 2012. 

§         After accounting for tax and share of profit in associate company, PAT increased by 23% from ` 995 crore in 9M FY 2011 to ` 1,219 crore in 9M FY 2012.

§         EPS (diluted) increased by 17% from ` 6.87 per share to ` 8.01 per share.