IDFC Q4 PAT likely to jump 31% to Rs 375.7 cr

Infrastructure financing company IDFC is likely to report a massive growth of 31% year-on-year in its profit after tax of Rs 375.7 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.

Net interest income (including infrastructure and treasury businesses) is seen going up by 20% to Rs 571.6 crore for the January-March quarter of 2012 from Rs 475 crore in a year ago period.

Highlights

- Profit growth to be driven by base effects of last year

- Margins likely to contract by 15-20 bps

- Some cases of restructuring could result in higher provisions

- But non performing assets to remain under control
**In Q3, asset quality saw significant deterioration

- Loan growth expected 25% YoY

- Revenues from AMC and investment banking related activities are likely to remain subdued

- Institutional broking business may see some improvement in revenues led by higher market volumes during the quarter