 "IDFC Q4 net up 48% at Rs 383 crore")
The entity, which would begin to work as a commercial bank from October 2015, had posted net profit of Rs 258 crore in January-March 2014.
The annual net profit for the year ended March 2015 declined five per cent to Rs 1,707 crore from Rs 1,803 crore in FY14.
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Its operating income in the reporting quarter grew 13 per cent to Rs 1,094 crore from Rs 972 crore in Q4 of 2013-14. The net interest income shrunk four per cent to Rs 642 crore, IDFC stated.
Its non-interest income grew 48 per cent in Q4 to Rs 423 crore from Rs 285 crore.
The principal gains, a part of non-interest revenues, shot up 223 per cent to Rs 222 crore from Rs 58 crore in Q4 of FY14.
The provisions like amount set aside for impaired loans, in the fourth quarter, declined 22 per cent to Rs 375 crore.
Its balance sheet rose 16 per cent from Rs 75,163 crore in FY14 to Rs 87,068 crore as on March 31, 2015. However, its gross loan book decreased by eight per cent to Rs 54,745 crore at the end of March 2015 from Rs 59,829 crore a year ago.
Net restructured loans were 7.8 per cent of the loan book. The net interest margin for FY15 dipped to 3.4 per cent from four per cent in FY14.