IDFC Q1 net up 3% at Rs 330 Crores

Development Finance Company Infrastructure (IDFC) today said its profit after tax (PAT) independently increased 3% to Rs 330 million rupees in Q1 FY12 from Rs 320 million rupees in Q1 FY11.

However, the underlying profitability of lending operations (excluding investment income from principal) of Q1 FY11 grew by 48%, a statement of the company here.

PAT increased from 1% to Rs 451 crore in the first quarter of FY12 RS 445 crore in the first quarter of FY11. PAT excluding gains principal investments rose 43% to Rs 315 crore to Rs 220 crore against, he said.

EPS (diluted) decreased by 20%, from Rs 2.56 to Rs 2.04 per share per share due to the Rs 3494 crores, capital raised in July 2010, the statement said.

Taking into account taxes and the profit share in the associate, declined by 6% PAT at Rs 335 crore from the first quarter of FY11 RS 314 crore in the first quarter of FY12.

Size IDFC stock has increased by 30%, from Rs 38,612 crore as 30th June 2010 to Rs 50,221 crore as 30th June, 2011.

The net loan portfolio increased 30% from Rs 28,901 crore as 30th June 2010 to Rs 37,527 crore as 30th June, 2011. The exhibition was of Rs 61,669 crore as June 30, 2011.