IDFC Q3 net profit up 27%

Infrastructure finance company, IDFC Ltd posted a net profit of Rs 387 crore in the December-ended quarter, up 27 per cent from Rs 304 crore in the corresponding quarter last year, said a press release from the company.

Net interest income during the period increased by 30 per cent to Rs 1,527 crore (Rs 1,171 crore).

Non-interest income decreased by 3 per cent to Rs 710 crore (Rs 729 crore). This was primarily on account of a decline of 63 per cent in income from investment banking and broking activity to Rs 60 crore (Rs 161 crore). Loan-related and other fees decreased by 47 per cent to Rs 108 crore (Rs 203 crore).

Net loan book increased by 25 per cent to Rs 43,897 crore (Rs 35,021 crore).

Net NPAs were at 0.2 per cent of outstanding loans.

The average assets under management were at Rs 37,228 crore, as on end-December.