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India Infrastructure Finance Company Ltd (IIFCL) has recorded a 121 per cent increase in net profit for the six months ended September 30 at Rs 580 crore (Rs 262 crore).
This bottomline performance can be attributed to robust 28 per cent increase in total revenue and supported by marginal 9 per cent increase in total expenses, S. K. Goel, Chairman and Managing Director, IIFCL, said.
Infrastructure loan book grew 42 per cent to Rs 21,622 crore as at the end of September.
Goel highlighted that IIFCL continued to hold one of the highest quality of assets with a net NPA (non-performing asset) ratio of only 0.06 per cent of the infrastructure loan book as on end-September.
This is noteworthy given the backdrop of slowdown in various infrastructure sectors.
At end-September 2012, IIFCL’s cumulative net sanctions amounted to Rs 40,855 crore for 274 infrastructure projects.
Cumulative disbursements, including refinance and takeout finance, stood at Rs 23,702 crore as at end-September.
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