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IDBI: Continued topline pressure

Oct 29, 2003

IDBI, the largest developmental finance institution in the country, has reported a disappointing September quarter performance. The institution has seen its topline fall by 16% in 2QFY04, while its bottomline has improved by 9%. The results are disappointing considering institution's encouraging performance in the June quarter of the current financial year. The 1HFY04 results have been salvaged to a certain extent by the June quarter results. For 1HFY04, while the institution's topline has falle

HDFC: Growing predictably

Oct 13, 2003

HDFC, the housing finance major, has reported September quarter results in line with expectations. It has announced a 22% net profit growth on the back of a 4% growth in topline on a YoY basis. The bottomline growth has been aided mainly by a fall in interest expenses (consequently improving operating margins). The improvement in operating margins has been achieved despite strong rise in operating expenses.

Identifying an FI stock: Do's and Don'ts

Sep 13, 2003

In Views on News, Equitymaster has tried to highlight here some factors one should keep in mind before investing in an Finance company. Know more

IDBI: Recovering giant

Aug 5, 2003

IDBI, the largest developmental finance institution in the country, continues to face topline pressure, while on the bottomline front, the performance showed continued improvement in the June quarter. The financial institution (FI) reported significant improvement in its operating margins. For 1QFY04, the FI has reported a 34% improvement in bottomline on the back of a 5% fall in topline. The institution's efforts at reducing capital costs are bearing fruits.

IDBI: Topline disappoints

May 8, 2003

IDBI, has reported lackluster topline numbers for FY03. However the financial institution (FI) reported improvement in operating margins, thus helping reduce the fall in net profits. For FY03, the FI has reported a 5% fall in bottomline on the back of a 6% fall in topline. Operating margins, on the other hand, have improved considerably by nearly 600 basis points.

IDBI: Volatility persists

Oct 30, 2002

Industrial Development Bank of India (IDBI) is experiencing considerable volatility in Income from operations, which is affecting quarterly results. The financials, QoQ, have shown sharp improvement. September '02 quarter numbers, YoY, are a mirror image of the performance in the first quarter. On the other hand, interest expense has shown steady a decline.

IFCI: Further deterioration

Aug 2, 2002

The troubled institution, IFCI, has expanded its net loss in June quarter to Rs 2.2 bn (0.3 bn in 1QFY02). The financial institution had reported a net loss of Rs 8.9 bn for the full year ended March 2002. Problems of adequate capital and challenging prospects in the financial market has impacted IFCI's quarterly performance.

IDBI: Dismal performance

Jul 29, 2002

IDBI's financials continued to bleed during the first quarter of FY03. The financial institution has reported a steep 79% decline in profits and 23% drop in interest income. Low credit offtake and pressure on margins have hit IDBI's first quarter performance.

IFCI: Losses scale new highs

Jul 3, 2002

IFCI's losses widened in the fourth quarter, inflating the total loss for FY02 to Rs 8.8 bn. A steep decline in interest income and pressure on interest margins took toll on the company's performance.

IDBI: Making the right moves

Jun 1, 2002

Industrial Development Bank of India (IDBI) has recorded dismal performance for FY02. IDBI recorded a 39% drop in net profits during the year. Income from operations declined by 12%. Poor industrial growth and slowdown in credit offtake took a toll on IDBI's financial performance.

IDBI: The clouds clear

Feb 21, 2002

India’s second largest financial institution, IDBI, has finally received the government’s attention on its plans of transforming into a universal bank. Over the past few months, the institution has been working hard towards converting into a bank.

IFCI: In a clean-up mood

Feb 13, 2002

IFCI once again reported grim financial performance with nine months cumulative losses mounting to Rs 4.9 bn. The institutions' income from operations also declined by 19% YoY, during the period April - December 2001.

IDBI: Provisions hit earnings

Jan 29, 2002

Dismal growth in industrial production and a slowdown in demand for project finance continued to hit IDBI's financial performance. IDBI's interest income declined marginally in the December quarter and earnings dropped by 77%.

ICICI: Slowdown catching up

Jan 24, 2002

Downturn in industrial activity was reflected from a marginal growth of 2.3% in ICICI's income from operations in third quarter. Its net NPAs to advances ratio too increased to 5.3% as on December 2001 (from 5.2% as on March 2001) and net NPAs increased by 3% to Rs 31 bn. Its operating profits however, flared up by 16% backed by control on operating expenses and lower interest expenses.

Finance: Emerging trends

Dec 22, 2001

The Indian financial sector is at the crossroads. On the one hand, financial institutions are getting ready to become universal banks, on the other, low quality of assets is becoming a matter of concern. Although, the finance sector offers immense growth opportunities, escalating non performing assets is denting its future prospects.

IDBI: Will it sail through?

Dec 22, 2001

Established in 1964, by the Indian Government under an act of Parliament, Industrial Development Bank of India (IDBI) is today the country’s second largest financial institution (FI). The institution, which was created for broad based industrial development, is currently suffering from unhealthy financial conditions.

IFCI: 2Q losses skyrocket

Dec 3, 2001

Financial Institutions (FIs) save for ICICI have taken a severe hit in their September quarter performance. IFCI became the second FI after IDBI to post a loss of Rs 4 bn in the first half of the current fiscal. Losses are mounting up quarter over quarter due to severe pressure on interest margins, higher operating expenses and provisions for non performing assets (NPAs).

IDBI: No improvement in 2Q

Nov 29, 2001

IDBI failed to maintain the zeal and declared a dismal growth of 7% in the second quarter profits before tax. In the June quarter the institution had reported 82% jump in profits before tax. Earnings of the institution declined by over 80% in the September quarter on the back of Rs 1.6 bn provision for non-performing assets (NPAs).

IDBI: Will it maintain the zeal?

Nov 27, 2001

IDBI had reported better than expected financial performance for the June quarter driven by improvement in interest margins and a substantial rise in other income. The institution also made provision for non-performing assets (NPAs) of Rs 2 bn.

ICICI: Regular performance

Oct 25, 2001

ICICI maintained its financial performance by reporting a double digit growth in profits even during the downturn in the industrial activity. Its profits excluding accelarated provisions increased by 11%. However, the growth in income from operations came down to a single digit from 13% in 1QFY02.


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