Infrastructure Development
Finance Company Limited
RESULTS FOR Q2 FY 2012
Q/E SEP,2011
INFRASTRUCTURE DEVELOPMENT FINANCE
COMPANY has produced an excellent
improvement in its results for Q2 FY 12 ending Sep,2011.
Net Sales in
Q2 FY 12 has improved to Rs.1714.93 cr – compared to Rs.1351.34 cr (Up by 26.91%)
in Q1 FY 12; and Rs.1216.75 cr (Up by 40.94%) in Q2 FY 11.
Profit from Operations stands
at Rs.1520.42 cr in Q2 FY 12 – compared to Rs.1198.29 cr(Up by 26.88%) in Q1 FY
12; and Rs.1041.38 cr (Up by 46%) in Q2 FY 11.
Interest expense has
increased to Rs.825.97 cr in Q2 FY 12 – compared to Rs.753.94 cr (Up by 9.55%);
and Rs.568.79 cr (Up by 45.21%) in Q2 FY 11.
Profit before tax has
increased to Rs.695.56 cr in Q2 FY 12 – compared to Rs.450.99 cr (Up by 54.23%)
in Q1 FY 12; and Rs.474.98 cr (Up by 46.44%) in Q2 FY11.
Tax Expense stands
at Rs.171.46 cr in Q2 FY 12 – compared to Rs.137.78 cr (up by 24.44%) in Q1 FY 12; and Rs.137.48 Cr
(Up by 24.71%) in Q2 FY 11.
Net Profit stands at Rs.524.11 cr in Q2 FY 12 –
compared to Rs.313.21Cr (Up by 67.33%) in Q1 FY 12; and Rs.337.50 cr (Up by 55.29%)
in Q2 FY 11.
Consolidated Net Profit amounts
to Rs.524.27 cr in Q2 FY 12 – compared to Rs.313.70 cr (Up by 67.13%) in Q1 FY
12; and Rs.338.40 cr (Up by 54.93% in Q2 FY 11.
Paid-up Equity stands
at Rs.1463.33 cr.
Basic EPS stands at Rs.3.48 in Q2 FY 12; Rs.2.05
in Q1 FY 12; and Rs.2.26 in Q2 FY 11.
At this
rate, annualized EPS
will be around Rs.12.
Current Market price is
Rs.97.45; The 52 week high price is Rs.185.65 and the
52 week low price is Rs.90.40.
The PE Ratio is 8.12. IDFC is
moving up the value chain very fast and improving its operations every quarter.
ANNOUNCEMENTS BY IDFC
02-01-2012
IDFC has allotted 1,065,232 Bonds
having Face Value and issue Price of Rs.5,000 aggregating Rs 5,326,160,000/- at
its meeting held on December 30, 2011.
21-12-2011
IDFC has informed that the Issue
closed for subscription on December 16, 2011 and the total sum of Rs. 5380.80
Million was collected as application money.
12-12-2011
"IDFC and Natixis Global
Asset Management Finalise Strategic Partnership for Asset Management
Business".
08-11-2011
consolidated Results for the
quarter ended on 30-SEP-2011 as follows: Net Sales of Rs. 171492.8 lacs for
quarter ending on 30-SEP-2011 against Rs. 121675.21 lacs for the quarter ending
on 30-SEP-2010. Net Profit / (Loss) of Rs. 52427.31 lacs for the quarter ending
on 30-SEP-2011 against Rs. 33839.56 lacs for the quarter ending on 30-SEP-2010.
08-11-2011
standalone Results for the
quarter ended on 30-SEP-2011 as follows: Net Sales of Rs. 165144.1 lacs for
quarter ending on 30-SEP-2011 against Rs. 109391.29 lacs for the quarter ending
on 30-SEP-2010. Net Profit / (Loss) of Rs. 52920.58 lacs for the quarter ending
on 30-SEP-2011 against Rs. 30665.52 lacs for the quarter ending on 30-SEP-2010.
29-08-2011
It is clarified that as a part of
IDFC's normal business, the Company does evaluate opportunities for loan and
investments in Infrastructure Projects from time to time. In line with its
normal businesses, IDFC is in talks with DLF for a business proposal, which may
or may not lead to any deal as aforesaid."
26-08-2011
IDFC("the Company") has
filed a draft Offering Circular with Singapore Exchange Securities Trading
Limited (the "SGX-ST") seeking its in-principle approval for listing
of notes to be issued pursuant to the Company's US$ 1,500,000,000 (or its
equivalent in other currencies) Medium Term Notes Programmes ("MTN").
The MTN Programme will be arranged by Citigroup Global Markets Limited and
Royal Bank of Scotland plc.
03-06-2011
"IDFC and Khazanah to set up
a dedicated infra development company".
29-04-2011
standalone Results for the year
ended on 31-MAR-2011 as follows: Net Sales of Rs. 454595.53 lacs for year
ending on 31-MAR-2011 against Rs. 356997.48 lacs for the year ending on
31-MAR-2010. Net Profit / (Loss) of Rs. 127714.85 lacs for the year ending on
31-MAR-2011 against Rs. 101283.74 lacs for the year ending on 31-MAR-2010.
29-04-2011
consolidated Results for the year
ended on 31-MAR-2011 as follows: Net Sales of Rs. 491673.94 lacs for year
ending on 31-MAR-2011 against Rs. 403340 lacs for the year ending on
31-MAR-2010. Net Profit / (Loss) of Rs. 128165.32 lacs for the year ending on
31-MAR-2011 against Rs. 106229.16 lacs for the year ending on 31-MAR-2010.
RESULTS (CONSOL) TABLE
|
Q2FY12
|
% DIF
|
% DIF
|
|||
|
Net Sales
|
171,492.80
|
135,134.11
|
26.91
|
121,675.21
|
40.94
|
|
Employees Cost
|
7,704.02
|
6,491.94
|
18.67
|
6,450.83
|
19.43
|
|
Depreciation
|
965.82
|
946.93
|
1.99
|
1,034.57
|
-6.65
|
|
Other Expenditure
|
10,780.53
|
7,866.17
|
37.05
|
10,051.44
|
7.25
|
|
Total Expenditure
|
19,450.37
|
15,305.04
|
27.08
|
17,536.84
|
10.91
|
|
Profit from Operations
|
152,042.43
|
119,829.07
|
26.88
|
104,138.37
|
46
|
|
Other Income
|
110.95
|
664.04
|
-83.29
|
238.6
|
-53.5
|
|
Interest
|
82,597.16
|
75,393.83
|
9.55
|
56,879.38
|
45.21
|
|
Profit before tax
|
69,556.22
|
45,099.28
|
54.23
|
47,497.59
|
46.44
|
|
Tax Expense
|
17,145.56
|
13,778.01
|
24.44
|
13,747.80
|
24.71
|
|
Net Profit
|
52,410.66
|
31,321.27
|
67.33
|
33,749.79
|
55.29
|
|
Minority Interest
|
-5.19
|
-
|
#VALUE!
|
-29.53
|
-82.42
|
|
Shares of Associates
|
-11.46
|
-51.96
|
-77.94
|
-60.24
|
-80.98
|
|
Consolidated Net Profit
|
52,427.31
|
31,369.53
|
67.13
|
33,839.56
|
54.93
|
|
Face Value (in Rs.)
|
10
|
10
|
0.00
|
10
|
0
|
|
Paid-up Equity
|
146,332.70
|
146,277.16
|
0.04
|
145,999.62
|
0.23
|
|
Basic EPS
|
3.48
|
2.05
|
69.76
|
2.26
|
53.98
|
|
Diluted EPS
|
3.47
|
2.04
|
70.10
|
2.25
|
54.22
|
|
Public holding (%)
|
100
|
100
|
0.00
|
100
|
0
|
BALANCE SHEET
The balance sheet size grew by 11% from ` 46,423
crore as at September 30, 2010 to ` 51,650 crore as at September 30, 2011.
Net Loan book increased by 14% from ` 34,394 crore as
at September 30, 2010 to ` 39,313 crore as at September 30, 2011.
Exposure was ` 62,752 crore as on September 30, 2011.
INCOME
Net Interest Income (NII)
increased by 38% from ` 711 crore in H1 FY 2011 to ` 981 crore in H1 FY 2012.
NII from infrastructure loans
increased by 31% from ` 663 crore in H1 FY 2011 to ` 867 crore in H1 FY 2012.
NII from treasury operations
increased by 136% from ` 48 crore in H1 FY 2011 to ` 114 crore in H1 FY 2012.
Non Interest Income decreased by
6% from ` 533 crore in H1 FY 2011 to ` 499 crore in H1 FY 2012.
Fees from IDFC’s asset management
business increased by 5% from ` 121 crore in H1 FY 2011 to ` 127 crore in H1 FY
2012.
Income from Investment banking and
broking activity decreased by 67% from ` 110 crore in H1 FY 2011 to ` 37 crore
in H1 FY 2012.
Income from principal investments
and carry increased by 70% from ` 151 crore in H1 FY 2011 to ` 257 crore in H1
FY 2012.
Loan related and other fees
decreased by 48% from ` 151 crore in H1 FY 2011 to ` 79 crore in H1 FY 2012.
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