The Hindu Business Line : IDFC Q3 net up by 72%

Spurred by the boom in the infrastructure sector, Infrastructure Development Finance Co (IDFC) has reported a 72-per cent increase in its net profit for the quarter ended December 31, 2007, to touch Rs 198.67 crore, as against Rs 115.15 crore in the corresponding quarter of last fiscal on a standalone basis.

During the quarter, the income crossed the Rs 691 crore mark, as against Rs 386.26 crore mark in the year ago period.

On a consolidated basis, the net profit and total income were Rs 217.28 crore and Rs 766.70 crore, as against Rs 124.90 crore and Rs 402.30 crore respectively.

The balance sheet size increased by 59 per cent to touch Rs 25,903 crore as on December 31, 2007, while the loan book increased by 43 per cent to Rs 19,242 crore.

During the nine month period of this fiscal, gross approvals and disbursements/commitments were Rs 14,853 crore and Rs 8,401 crore respectively, registering an increase of 60 per cent and 53 per cent respectively. IDFC’s total exposure touched Rs 31,869 crore by the end of the quarter.

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More Stories on : Financial Performance | Financial Institutions

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