Tuesday, August 21, 2012

IDFC LIMITED - FIRST QUARTER RESULTS - Q1FY13 - NII UP 30% YoY; NET NPA 0.14%; PAT UP 21% YoY


IDFC LIMITED


Highlights of Q1FY13


Net Interest Income of  Rs.629 crore : an increase of 30%

Profit After Tax of Rs.380 crore for Q1FY13 compared to Rs.314 crore in Q1FY12: an increase of 21%

Balance sheet size as on June 30, 2012 – Rs.65,017 crore : an increase of 25% 

Gross Loan book increased from Rs.38,108 crore as on June 30, 2011 to Rs.50,892 crore as on June 30, 2012: an increase of 34%

Net NPAs at 0.14% of outstanding loans

Average Assets under management – Rs.36,472 crore


BALANCE SHEET


The balance sheet size grew by 25% from Rs.51,898 crore as on June 30, 2011 to Rs.65,017 crore as on June 30, 2012.

Gross Loan book increased by 34% from Rs.38,108 crore as on June 30, 2011 to Rs.50,892 crore as on June 30, 2012.

Gross Approvals doubled from Rs.5,799 crore in Q1FY12 to Rs. 11,744 crore in Q1FY13.

Gross Disbursements increased by 55% from Rs.2,904 crore in Q1FY12 to Rs.4,502 crore in Q1FY13. 

Cumulative Outstanding Approvals was Rs.76,412 crore as on June 30, 2012. 


INCOME


ƒNet Interest Income (NII) increased by 30% from Rs.483 crore in Q1FY12 to  Rs.629 crore in Q1FY13. 

NII from loans increased by 30% from Rs.428 crore in Q1FY12 to Rs. 555 crore in Q1FY13.

NII from treasury operations increased by 35% from Rs.55 crore in Q1FY12 to Rs.74 crore in Q1FY13.

Non Interest Income increased by 24% from Rs.110 crore in Q1FY12 to Rs.137 crore in Q1FY13. 

Income from principal investments were at Rs.2 crore

Asset management fees increased by 3% from  Rs.62 crore in Q1FY12 to  Rs.64 crore in Q1FY13.

Investment banking and Institutional broking income decreased by 38% from Rs.15 crore in Q1FY12 to Rs.9 crore in Q1FY13. 

Loan related and other fees increased by 78% from Rs.35 crore in Q1FY12 to  Rs.62 crore in Q1FY13.

PROFITS  

Profit before Tax increased by 23% from Rs.451 crore in Q1FY12 to Rs.553 crore in Q1FY13. 
 
After accounting for minority interest, tax and share of profit in associate company, PAT increased by 21% from Rs. 314 crore in Q1FY12 to Rs.380 crore in Q1FY13.

 EPS (diluted) increased by 23% from Rs.2.04 per share in Q1FY12 to Rs.2.50 per share in Q1FY13. 

CONSOLIDATED RESULTS TABLE

(Amounts in Crores)

Particular
Q1FY13
Q1FY12
%Growth
Q4FY12
%Growth
Net  Interest Income
629
483
30%
586
7%
Loans
555
428
30%
540
3%
Treasury
74
55
35%
46
63%
Non-Interest Income
137
110
24%
134
2%
Principal Investments
2
-2

29
-95%
Asset Management
64
62
3%
60
6%
Mutual Fund
35
33
7%
29
21%
Alternatives
29
29
-1%
31
-8%
Fees
29
29
-1%
29
-2%
Investment Bnkg&Broking
9
15
-38%
15
-35%
Investment Broking
3
4
-10%
4
-15%
InstitutionalBroking
6
11
-48%
10
-43%
LoanRelated&other Fees
62
35
78%
31
102%
OtherIncome
7
12
-43%
6
14%
OPERATING Income
772
604
28%
725
6%
OPERATING Expenses
117
114
3%
150
-22%
HR
66
65
1%
90
-27%
Non-HR
51
49
4%
60
-16%
Provisions
103
40
155%
84
22%
Loans
39
31
26%
76
-49%
Investments
64
10
562%
8
677%
PBT
553
451
23%
491
13%
Tax,Minority Intt etc
173
137
26%
156
11%
PAT
380
314
21%
335
13%


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