Highlights of 9M FY 2008

* Profit After Tax of Rs.593 crore. An increase of 44% over 9M FY 2007 (Rs.411 crore)
* EPS (diluted) increased from Rs.3.63to Rs.4.79 per share
* Net Interest income (NII) of Rs.507 crore. An increase of 54% over 9M FY 2007 (Rs. -329 crore)
* Net NPAs – NIL
* Balance sheet size as on December 31, 2007 : Rs. 25,903 crore : an increase of 59%
* Gross approvals of Rs.14,853 crore : an increase of 60% (Rs.9,255 crore in 9M FY 2006)
* Gross disbursements of Rs.8,401 crore : an increase of 53% (Rs.5,505 crore in 9M FY 2006)

At its 61st Board Meeting held on January 14, 2008, the Board of Directors of Infrastructure Development Finance Company Limited (IDFC) approved financial results for the period April 1, 2007 to December 31, 2007 (9M FY 2008).

INCOME

* Net Interest Income (NII) increased by 54% from Rs. 329 crore in 9M FY 2007 to Rs. 507 crore in 9M FY 2008.
* Net Interest Income (NII) from infrastructure loans increased by 35% from Rs. 295 crore in 9M FY 2007 to Rs. 399 crore in 9M FY 2008.
* Net Interest Income from treasury operations increased by 209% from Rs. 35 crore in 9M FY 2007 to Rs. 108 crore 9M FY 2008.
* Non Interest Income for 9M FY 2008 increased by 134% from Rs. 208 crore in 9M FY 2007 to Rs. 487 crore 9M FY 2008.
* Income from principal investments (capital gains and dividend) increased by 57% from Rs. 128 crore in 9M FY 2007 to Rs. 200 crore in 9M FY 2008.
* Fees from IDFC’s asset management business was Rs. 40 crore in 9M FY 2008.
* Income from IDFC-SSKI, the investment banking subsidiary of IDFC, was Rs. 124 crore in 9M FY 2008.
* Advisory and other fees increased by 209% from Rs. 40 crore in 9M FY 2007 to Rs. 123 crore in 9M FY 2008.

PROFITS

* Profit before tax (PBT) increased by 60% from Rs. 500 crore in 9M FY 2007 to Rs. 801
* crore in 9M FY 2008.
* After providing Rs. 209 crore for tax and minority interest, the profit after tax (PAT)
* for 9M FY 2008 increased by 44% to Rs. 593 crore, from Rs. 411 crore in 9M FY 2007.

BALANCE SHEET AND NPAs

* The balance sheet size, increased by 59% from Rs. 16,314 crore as on December 31, 2006 to Rs. 25,903 crore as on December 31, 2007.
* Loan book increased by 43% from Rs. 13,483 crore to Rs. 19,242 crore.
* During 9M FY 2008, gross approvals and disbursements / commitments were Rs. 14,853 crore and Rs. 8,401 crore respectively, an increase of 60% and 53% respectively, over the figures for 9M FY 2007 (approvals of Rs. 9,255 crore & disbursements / commitments of Rs. 5,505 crore).
* As on December 31, 2007, IDFC’s exposure was Rs. 31,869 crore.
* There were no net NPAs as on December 31, 2007.

Sourced From: Perfect Relations Limited

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