IDFC

Press Releases

Mumbai; November 8, 2010

IDFC consolidated net profit increased by 19% in H1 FY 2011 over H1 FY 2010

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Highlights of H1 FY 2011

  • Profit After Tax of 674 crore for H1 FY 2011 compared to 564 crore in H1 FY 2010
  • EPS (diluted) increased from 4.32 per share to 4.81 per share : an increase of 11%
  • IDFC is notified as Infrastructure Finance Company by the Reserve Bank of India
  • IDFC raised 2,654 crore through the QIP route by allotment of equity shares to QIBs and 840 crore of capital through a preferential issue of CCCPS.
  • Balance sheet size as on September 30, 2010 - 46,423 crore : an increase of 45%
  • Net NPAs at 0.12% of outstanding loans; No new NPA during H1 FY 2011
  • Net Interest income (NII) of 711 crore : an increase of 37%
  • Non Interest Income of 533 crore : an increase of 20%
  • Assets under management – USD 6.4 billion

At its 80th Board Meeting held on November 08, 2010, the Board of Directors of Infrastructure Development Finance Company Limited (IDFC) approved financial results for the period April 01, 2010 to September 30, 2010.


INCOME

Net Interest Income (NII) increased by 37% from 521 crore in H1 FY 2010 to
711 crore in H1 FY 2011.

  • Net Interest Income (NII) from infrastructure loans increased by 41% from 471 crore in H1 FY 2010 to 663 crore in H1 FY 2011.
  • Net Interest Income from treasury operations decreased by 4% from 50 crore in H1 FY 2010 to 48 crore in H1 FY 2011.

Non Interest Income increased by 20% from 443 crore in H1 FY 2010 to 533 crore in H1 FY 2011.

  • Fees from IDFC's asset management business decreased by 1% from 141 crore in H1 FY 2010 to 140 crore in H1 FY 2011.
  • Income from Investment banking and broking activity increased by 12% from 98 crore in H1 FY 2010 to 110 crore in H1 FY 2011.
  • Income from principal investments increased by 2% from 129 crore in H1 FY 2010 to
    132 crore in H1 FY 2011.
  • Loan related and other fees increased by 102% from 75 crore to 151 crore.

PROFITS

  • Profit before tax (PBT) increased by 21% from 760 crore in H1 FY 2010 to 919 crore in H1 FY 2011.
  • EPS (diluted) increased by 11% from 4.32 per share to 4.81 per share.
  • After accounting for tax and share of profit in associate company, the profit after tax (PAT) increased by 19% from 564 crore in H1 FY 2010 to 674 crore in H1 FY 2011.

BALANCE SHEET

  • The balance sheet size grew by 45% from 31,982 crore as at September 30, 2009 to
    46,423 crore as at September 30, 2010.
  • Net Loan book increased by 58% from 21,785 crore to 34,397 crore.
  • Exposure was 62,165 crore as on September 30, 2010.

For further details, please contact:

Mr. K.V. Venkatraman
Infrastructure Development Finance Company Limited
Tel: + 91 22 4222 2020

Email: venkatraman.kv@idfc.com