X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
IDFC: Asset quality stays superior - Views on News from Equitymaster
StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

IDFC: Asset quality stays superior
Feb 4, 2013

IDFC declared its results for the third quarter of the financial year 2012-13 (3QFY13). The institution grew its income from operations and profits by 31% and 19% YoY respectively. Here is our analysis of the results.

Performance summary
  • Consolidated income from operations grows 31% YoY in 3QFY13 and by 28% YoY in 9mFY13, on the back of 22% YoY growth in advances. Disbursements increase by 4.5% YoY, but sanctions fall by 13% YoY in 9mFY13 on account of a slowdown in infrastructure activity. However cumulatively sanctions were up by 12% YoY.
  • Overall asset management revenues were flat in 9mFY13, total asset under management (AUM) stands at Rs 298 bn at the end of December 2012. While the mutual fund contributed to some of the growth, fees from the alternatives business faltered.
  • Net interest margins (NIM) decrease marginally to 4.2% from 4.3% earlier.
  • Other income sees an almost 89% fall YoY in 3QFY13 and an 80% fall YoY in 9mFY13, on account of the sale of a stake in IDFC Asset Management Company seen in the previous quarter.
  • Bottomline grows by 19% YoY in 3QFY13 and by 7.5% in YoY 9mFY13 on the back of higher net interest income and lower provisioning, but lower other income made profit growth seem relatively muted.
  • Capital adequacy ratio stands at a robust 22.5% at the end of 9mFY13 (Tier-1 ratio of 20.2%). Net NPAs come in at 0.12% at the end the quarter.

To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

IDFC LIMITED SHARE PRICE


Feb 16, 2018 (Close)

TRACK IDFC LIMITED

  • Track your investment in IDFC LIMITED with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

IDFC LIMITED 8-QTR ANALYSIS

COMPARE IDFC LIMITED WITH

MARKET STATS