IDFC

Press Releases

Mumbai; October 26, 2012

In H1FY13 - Loan Book increased by 36%, NII Loans increased by 33%, Operating Expenses declined by 2%, PAT net of principal gains increased by 24% and reported PAT increased by 2%.

Download PDF

  • Net Interest Income of 1,285 crore : an increase of 31%.
  • Operating Expenses of 240 crore : a decline of 2%.
  • Profit After Tax net of principal gains increased by 24% from 651 crore in H1FY12 to
    805 crore in H1FY13. Reported PAT increased by 2% from 838 crore in H1FY12 to
    855 crore in H1FY13.
  • Balance sheet size as on September 30, 2012 - 69,831 crore : an increase of 32%.
  • Gross Loan book increased from 39,923 crore as on September 30, 2011 to 54,137 crore as on September 30, 2012 : an increase of 36%.
  • NIMs on a rolling 12 month basis stable at 4.4%.
  • Average spreads on a rolling 12 month basis expand by 6 bps from 252 bps for July '11- June '12 to 258 bps for Oct '11 to Sept '12.
  • Capital Adequacy at 21.5% as on Sept 30, 2012 (of which Tier I at 19.2%) versus 21.8% as on June 30, 2012 (of which Tier I at 19.5%).
  • Gross NPAs at 0.28% and Net NPAs at 0.13% of outstanding loans.
  • Average Assets under management - 37,155 crore.

At its 91st Board Meeting held on October 26, 2012, the Board of Directors of IDFC Limited approved financial results for the period April 1, 2012 to September 30, 2012.


BALANCE SHEET

  • The balance sheet size grew by 32% from 53,040 crore as on September 30, 2011 to 69,831 crore as on September 30, 2012.
  • Gross Loan book increased by 36% from 39,923 crore as on September 30, 2011 to
    54,137 crore as on September 30, 2012.
  • Gross Approvals increased by 5% from 13,901 crore in H1FY12 to 14,527 crore in H1FY13.
  • Gross Disbursements increased by 60% from 6,543 crore in H1FY12 to 10,487 crore in H1FY13.
  • Cumulative Outstanding Approvals was 72,441 crore as on September 30, 2012.

INCOME

Operating Income increased by 8% from 1,495 crore in H1FY12 to 1,622 crore in H1FY13. Net of principal gains operating income increased by 24% from 1,265 crore in H1FY12 to 1,571 crore in H1FY13.

Net Interest Income (NII) increased by 31% from 981 crore in H1FY12 to 1,285 crore in H1FY13.

  • NII from loans increased by 33% from 867 crore in H1FY12 to 1,151 crore in H1FY13.
  • NII from treasury operations increased by 17% from 114 crore in H1FY12 to 134 crore in H1FY13.

Non Interest Income decreased by 35% from 499 crore in H1FY12 to 325 crore in H1FY13.

  • Income from principal gains decreased by 78% from 231 crore in H1FY12 to 51 crore in H1 FY13.
  • Asset management Income decreased by 13% from 153 crore in H1FY12 to 133 crore in H1FY13.
  • Investment banking and Institutional broking income decreased by 6% from 38 crore in H1FY12 to 36 crore in H1FY13.
  • Loan related and other fees increased by 38% from 77 crore in H1FY12 to 106 crore in H1FY13.

EXPENSES

Operating Expenses decreased by 2% from 245 crore in H1FY12 to 240 crore in H1FY13.

  • HR Expenses decreased by 6% from 142 crore in H1FY12 to 134 crore in H1FY13.
  • Non-HR Expenses increased by 3% from 103 crore in H1FY12 to 106 crore in H1FY13.

PROFITS

  • Profit before Tax increased by 9% from 1,147 crore in H1FY12 to 1,249 crore in H1FY13.
  • After accounting for minority interest, tax and share of profit in associate company, reported PAT increased by 2% from 838 crore in H1FY12 to 855 crore in H1FY13.
  • Net of principal gains in H1FY12, PAT increased by 24% from 651crore in H1FY12 to 805 crore in H1FY13.
  • EPS (diluted) increased from 5.51 per share in H1FY12 to 5.64 per share in H1FY13.

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
IDFC Limited
Tel: + 91 22 4222 2019

Email: arun.raste@idfc.com