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IDFC Q1 cons PAT seen up 4.97% to Rs 227.46 cr
IDFC is to announce its first quarter FY10 results. The company's Q1FY10 consolidated net profit is seen up 4.97% from Rs 216.7 crore to Rs 227.46 crore.
IDFC is to announce its first quarter FY10 results. The company's Q1FY10 consolidated net profit is seen up 4.97% from Rs 216.7 crore to Rs 227.46 crore.
Its consolidated net interest income is seen up 13.92% from Rs 214 crore to Rs 243.8 crore.
The company's non interest income is seen up 21.21% from Rs 165 crore to Rs 200 crore.
Q1FY10 Expectations
* Margins to improve due to sharp decline in cost of funds * Loan book to start showing growth * Fee income to be strong driven by investment banking, broking & loan related fees * Cost cutting measures will start showing effect * Provisions to remain high YoY
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