IDFC Q2 PAT seen down 6% to Rs 317 cr

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IDFC Q2 PAT seen down 6% to Rs 317 cr

Infrastructure Development Finance Company (IDFC) is expected to report a profit after tax of Rs 317 crore in the second quarter of FY12, a fall of 6% as compared to Rs 338.4 crore in the corresponding quarter of last fiscal.

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Infrastructure Development Finance Company (IDFC) is expected to report a profit after tax of Rs 317 crore in the second quarter of FY12, a fall of 6% as compared to Rs 338.4 crore in the corresponding quarter of last fiscal.

Net interest income is likely to grow 34% to Rs 500 crore in the July-September quarter of FY12 versus Rs 374 crore in same quarter the previous financial year.
 
Expectations

·          Loan book growth to slow to 12% versus 30% in Q1

·          NPAs expected to rise

·          NIMs & Spreads likely to remain stable

·          Watch for: Biz growth, spreads movement and asset quality trends