IDFC Q3 net profit up 45.8% at Rs 269.73 cr

Infrastructure Development Finance Company (IDFC) has declared its third quarter results of FY10. Its net profit rose 45.8% to Rs 269.73 crore from Rs 184.61 crore, on year-on-year basis (YoY) and down 7.62% from Rs 292 crore, on quarter-on-quarter basis (QoQ).

Net interest income went up 8.1% to Rs 280 crore from Rs 259 crore, YoY and up 1.08% from Rs 277 crore, QoQ. Non interest income was up 216% to Rs 237 crore from Rs 75 crore, YoY and up 4.4% from Rs 227 crore, QoQ.

9mthFY10

* Balance sheet increased by 4%

* Loan book grew by 12%

* Gross approvals grew by 91%

* Net NPAs at 0.19% v nil

Overall spreads

* Q3FY10: 2.6%

* Q2FY10: 2.6%

* Q1FY10: 2.4%

* Q4FY09: 2.3%

* Q3FY09: 2.3%

Exposure

* Energy: 40%

* Transportation: 19%

* Telecom: 18%

* Industrial & Commercial: 9%

* Tourism: 5%

* Others: 9%

Source: CNBC-TV18
Courtesy moneycontrol.com

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