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IDFC Q1 cons PAT seen up 4.97% to Rs 227.46 cr
Published on Fri, Jul 17, 2009 at 21:12  |  Updated at Fri, Jul 17, 2009 at 21:14  |  Source : CNBC-TV18
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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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Tags: IDFC
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