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Our Bureau

Mumbai , Jan.20

INFRASTRUCTURE Development Finance Company Ltd (IDFC) has posted a profit after tax of Rs 89.4 crore for the quarter ended December 31, 2005 (Q3 FY 05-06) as compared to Rs 80.27 crore for the year-ago period.

Total income increased to Rs 244.86 crore during this quarter from Rs 177.53 crore in the year-ago period.

The Group has posted a profit after tax of Rs 93.44 crore for the December 2005 quarter as compared to Rs 81.22 crore for the year-ago period.

Total income has increased to Rs 253.27 crore from Rs 180.83 crore in the year-ago period.

During the period April-December 2005, gross approvals and disbursements were Rs 7,476 crore for 64 projects and Rs 4,124 crore for 63 projects, an increase of 46 per cent and 60 per cent, respectively, over the same period in the previous financial year.

As on December 31, 2005, IDFC's exposure was Rs 16,364 crore. Disbursements (including non-funded commitments) were made for 141 projects aggregating Rs 14,702 crore.

Of these, Rs 4,450 crore has been repaid.

Outstanding disbursements, as on December 31, 2005, were Rs 10,252 crore, of which net loans constituted Rs 8,705 crore.

Shares of IDFC closed at Rs 69.25 on the Bombay Stock Exchange on Friday.

More Stories on : Financial Institutions | Financial Performance

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