IDFC Ltd - Q4FY12 Result First Cut - Microsec Research

IDFC Ltd has announced its Q4FY12 along with Annual FY12 result on 8th May 2012.

On the quarterly basis, the company's top line increased by 10.25% QoQ and 31.75% YoY to INR1714.78 crores while, bottom line down by 12.17% QoQ and up by 16.80% YoY to INR334.83 crores. For the whole year of FY12, the company's top line increased by 28.89% YoY to INR6336.45 crores while, bottom line increased by 21.25% YoY to INR1554.01 crores.

Pressure in bottom line is seen mainly because of high cost of capital. The company has reported a 13.16% QoQ and 45.72% YoY increased in finance costs to INR996.04 crores.

The Board of Directors have recommended a dividend of Rs.2.30 per equity share for the year ended 31st March, 2012.

Source : Equity Bulls

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