- 02:52 AM Mahindra arm to bid for USD 3.5bn defence deals
- 09:30 PM Positive global cues, RIL power markets
- 09:19 PM Hindalco launches $600m QIP book at Rs 130.9/s...
- 09:00 PM After per second billing, what next for telecom?
- 08:53 PM Prestige Group ramps up investment plans
- 08:35 PM Property prices likely to go up in December
- 07:55 PM Mahindra arm to bid for $3.5 bn defence deals
- 07:26 PM Tech Toyz celebrates the waning of recession
- 07:23 PM Experts see mkts at new highs, advise sectors
- 07:21 PM HCL Tech bags $200m order from UK’s Equitable ...
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.
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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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