IDFC

Press Releases

Mumbai; May 08, 2012

PAT Growth of 21% and Loan Book growth of 28%

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  • Net Interest income of 2,113 crore: an increase of 28%
  • Profit After Tax of 1,554 crore for FY 2012 compared to 1,282 crore in FY 2011: an increase of 21%
  • Balance sheet size as on March 31, 2012 - 60,979 crore: an increase of 24%
  • Loan book increased from 38,215 crore as on March 31, 2011 to 48,888 crore as on March 31, 2012: an increase of 28%
  • Net NPAs at 0.15% of outstanding loans
  • Average Assets under management – 36,211 crore

At its 88th Board Meeting held on May 08, 2012, the Board of Directors of Infrastructure Development Finance Company Limited (IDFC) approved financial results for the period April 1, 2011 to March 31, 2012 and recommended Dividend at the rate of 2.30 per equity share for FY 2012.


BALANCE SHEET

  • The balance sheet size grew by 24% from 49,347 crore as at March 31, 2011 to
    60,979 crore as at March 31, 2012.
  • Loan book increased by 28% from 38,215 crore as at March 31, 2011 to 48,888 crore as at March 31, 2012.
  • Cumulative Outstanding Approvals was 69,718 crore as on March 31, 2012.

INCOME

Net Interest Income (NII) increased by 28% from 1,645 crore in FY 2011 to 2,113 crore in FY 2012.

  • NII from loans increased by 25% from 1,501 crore in FY 2011 to 1,880 crore in
    FY 2012.
  • NII from treasury operations increased by 62% from 144 crore in FY 2011 to 233 crore in FY 2012.

Non Interest Income decreased by 4% from 875 crore in FY 2011 to 844 crore in FY 2012.

  • Income from principal investments increased by 83% from 191 crore in FY 2011 to 350 crore in FY 2012.
  • Fees from IDFC’s asset management business decreased by 4% from 292 crore in FY 2011 to 280 crore in FY 2012.
  • Income from Investment banking and broking activity decreased by 62% from 199 crore in FY 2011 to 75 crore in FY 2012.
  • Loan related and other fees decreased by 28% from 194 crore in FY 2011 to 139 crore in FY 2012.

PROFITS

  • Profit before Tax increased by 22% from 1,779 crore in FY 2011 to 2,173 crore in FY 2012.
  • After accounting for minority interest, tax and share of profit in associate company, PAT increased by 21% from 1,282 crore in FY 2011 to 1,554 crore in FY 2012.
  • EPS (diluted) increased by 17% from 8.71 per share to 10.20 per share.

Enclosed Annex ‘A’ provides details on Balance Sheet, Profit & Loss and key ratios on a Y-o-Y & Q-o-Q basis.

For further details, please contact:

Mr. Arun Raste
Infrastructure Development Finance Company Limited
Tel: + 91 22 4222 2019

Email: arun.raste@idfc.com