IDFC is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY11 PAT net interest income (NII) seen up 40% at Rs 473 crore versus Rs 337 crore.
Its PAT is seen up 0.4% at Rs 336 crore versus Rs 335 crore.
Other expectations
· Loan growth to moderate significantly
· Spreads also likely to be under pressure
· Fee income will be a drag on overall profit (28% YoY contraction)
· Spreads to remain lower due to increase in cost of funds
· Capital market businesses to remain under pressure
Its PAT is seen up 0.4% at Rs 336 crore versus Rs 335 crore.
Other expectations
· Loan growth to moderate significantly
· Spreads also likely to be under pressure
· Fee income will be a drag on overall profit (28% YoY contraction)
· Spreads to remain lower due to increase in cost of funds
· Capital market businesses to remain under pressure
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