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IDFC Q2: Analysts see stable asset quality

Infrastructure Development Finance Corporation's (IDFC) profit after tax is expected to go up by 21 percent year-on-year to Rs 380 crore in the second quarter of current financial year 2012-13.

October 26, 2012 / 12:24 IST

Infrastructure Development Finance Corporation's (IDFC) profit after tax is expected to go up by 21 percent year-on-year to Rs 380 crore in the second quarter of current financial year 2012-13.

Net interest income is likely to rise by 30 percent Rs 629 crore from Rs 483 crore during the same period.

Analysts on an average expect stable asset quality for the quarter. In the June quarter, the gross non-performing assets (NPAs) were 0.30 percent and net NPAs 0.14 percent.

Net interest margins grew 4.4 percent in the first quarter.

The bank had made provisions of Rs 103 crore in the April-June quarter, a rise of over 155 percent year-on-year and 22 percent QoQ.

In the previous quarter, treasury income rose by 35 percent YoY and 63 percent QoQ to Rs 74 crore.
 

first published: Oct 26, 2012 10:23 am

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