IDFC Q3 PAT seen up 18% at Rs 379 cr

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IDFC Q3 PAT seen up 18% at Rs 379 cr

IDFC, a provider of infrastructure financing and project implementation services, is expected to report a profit after tax of Rs 379 crore in the third quarter of FY12, a growth of 18% as compared to Rs 321 crore in a year ago quarter.

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IDFC , a provider of infrastructure financing and project implementation services, is expected to report a profit after tax of Rs 379 crore in the third quarter of FY12, a growth of 18% as compared to Rs 321 crore in a year ago quarter.

Net interest income is seen going up by 12% to Rs 515 crore from Rs 460 crore year-on-year.

Expectations

- Expect loan growth at 18% - slightly moderated due to high base effect

- Spreads would be largely stable

- Lower income from principal investment - decline of 37%
* IDFC booked a Rs 240 crore on account of NSE stake sale in Q2

- Moderation expected in broking & investment banking related fees

- Asset quality likely to remain stable