IDFC Q3 net interest income seen up 12% at Rs 515 cr

By Avni Raja, Research Analyst at CNBC-TV18

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