Standalone Fourth Quarter Review- For the quarter ended Mar'11, the Income from Operations of the company increased by 39.43% to Rs. 1298.29 crore from Rs. 931.11 crore in the corresponding period last year.
Operating Expenses dipped by 6.82% to Rs. 141.41 crore (Rs. 151.77 crore) on the back of significant decline in Employee expenses which stood at Rs 30.19 crore (down 45.66%). Operating Profit for Q4 FY"11 stood at Rs. 1156.88 crore as against Rs. 779.35 crore in Q4 FY"10 registering an impressive YoY growth of 48.44%.
Other Financial charges such as Interest cost and Tax levied went up substantially by 57.6% and 79.51% to Rs. 683.55 crore and 123.5 crore respectively. Thus, the Standalone Net Profit of the firm recorded a YoY growth of 24.44% to reach Rs. 346.56 crore for Q4FY"11 as compared to a profit of Rs. 278.5 crore in Q4 FY"10. EPS (diluted) increased by 6.5% from Rs. 2.13 per share to Rs. 2.27 per share.
Standalone Fiscal Review- For the fiscal ended Mar'11, the Income from Operations of the company increased by 27.34% to Rs. 4545.96 crore from Rs. 3569.98 crore in the corresponding period last year. Provisions and Contingencies made for FY"11 rose sharply by 80.2% to Rs. 234.93 crore (Rs. 130.36 crore).
Profit before Interest, thus, crept up 26% to Rs. 4116.96 crore (Rs. 3267.36 crore). Interest cost went up moderately by 22.37% to Rs. 2386.52 crore pumping up PBT by 31.3% to Rs. 1730.44 crore (Rs. 1317.13 crore). After adjusting for the tax expenses which escalated by 48.96% to Rs. 453.3 crore, the Standalone Net Profit of the firm recorded a YoY growth of 26.1% to reach Rs. 1277.15 crore for FY"11 as compared to a profit of Rs. 1012.84 crore in FY"10. EPS (diluted) increased by 12.14% from Rs.7 .74 per share to Rs. 8.68 per share.
Consolidated Fourth Quarter Review- For the quarter ended Mar'11, the Income from Operations of the company increased by 27.24% to Rs. 1302.33 crore from Rs. 1023.46 crore in the corresponding period last year.
Notably, the Employee expenses declined 41.9% to Rs.84.17 crore (Rs. 145.07 crore). With Other Expenditure plummeting by 68.85% to Rs. 22.98 crore, the Profit from Operations before other income and interest surged by 50.6% to Rs. 1090.8 crore (Rs. 723.86 crore).
Financial expenses continued their uptrend with 'Interest and other charges" appreciating 56.7% to Rs. 683.5 crore and Tax levied escalating by 69.7% to Rs. 125.23 crore. After adjusting for all the financial the Consolidated Net Profit of the firm recorded a YoY growth of 25.7% to reach Rs. 286.67 crore for Q4FY"11 as compared to a profit of Rs. 228.11 crore in Q4FY"10. EPS (diluted) increased by 5.7% from Rs. 1.74 per share to Rs. 1.84 per share.
Consolidated Fiscal Review- For the fiscal ended Mar'11, the Income from Operations of the company increased by 21.9% to Rs. 4916.16 crore from Rs. 4033.03 crore in the corresponding period last year.
While Net interest income increased by 47% from Rs. 1117 crore to Rs. 1645 crore, the Non interest income decreased by 8% from Rs. 950 crore to Rs. 875 crore.
Operating income climbed 21% from Rs. 2107 crore to Rs. 2547 crore. Operating expenses slid by 3% from Rs. 549 crore to Rs. 533 crore. Provisions increased by 81% from Rs. 130 crore to Rs. 235 crore. Thus, PBT shot up by 25% from Rs. 1429 crore to Rs. 1779 crore.
Even though Tax levied rose by 36.3% to Rs. 499.75 crore, the Consolidated PAT recorded a YoY growth of 21% to reach Rs. 1282 crore for FY"11 as compared to a profit of Rs. 1062 crore in FY"10. Further, PAT from the core business (excluding income from principal investments) increased by over 40%. EPS (diluted) increased by 7% from Rs.8.12 per share to Rs. 8.71 per share.
Other Key Highlights- •Dividend increased from Rs. 1.50 per share to Rs. 2.00 per share : an increase of 33% •IDFC raised Rs. 2,654 crore through the QIP route by allotment of equity shares to QIBs and Rs. 840 crore of Capital through a preferential issue of CCCPS. •Balance sheet size as on March 31, 2011 - 47,554 crore: an increase of 42% •Net NPAs at 0.10% of outstanding loans; No new NPA in FY 2011 •Assets under management - USD 7.5 billion