IDFC FY 2011 PAT up by 19% at Rs 995 crore

IDFC consolidated net profit increased by 19% in 9M FY 2011 over 9M FY 2010

Highlights of 9M FY 2011

• Profit After Tax of Rs. 995 crore for 9M FY 2011 compared to Rs. 834 crore in 9M FY 2010

• EPS (diluted) increased from Rs. 6.38 per share to Rs. 6.87 per share : an increase of 8%

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• IDFC is notified as Infrastructure Finance Company by the Reserve Bank of India

• IDFC raised Rs. 2,654 crore through the QIP route by allotment of equity shares to QIBs and Rs. 840 crore of capital through a preferential issue of CCCPS.

• Balance sheet size as on December 31, 2010 - Rs. 48,030 crore : an increase of 53%
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• Net NPAs at 0.11% of outstanding loans; No new NPA during 9M FY 2011

• Net Interest income (NII) of Rs. 1,171 crore : an increase of 47%

• Non Interest Income of Rs. 729 crore : an increase of 7%

• Assets under management