Infrastructure Development Finance Company (IDFC) on Wednesday announced a 17.27% rise in net profit for the quarter ended September at Rs 210.43 crore against Rs 179.44 crore in the corresponding period last fiscal. Total income increased to Rs 848.78 crore during the three month period from Rs 604.43 crore a year ago, a rise in 40.43%.

The group posted a net profit of Rs 232.27 crore for the quarter as compared to Rs 194.47 crore in the same period last year. Total income increased from Rs 656.71 crore to Rs 946.51 crore, IDFC informed the Bombay Stock Exchange. The scrip closed 6.52% down at Rs 58.05.

For the six months ended September, the profit after tax increased 20% to Rs 449 crore from Rs 375 crore in H1 FY?08. Earning per share increased from Rs 3.11 to Rs 3.46 per share.

Net interest income (NII) grew to Rs 412 crore, a 25% increase compared to Rs 329 crore a year ago. NII from infrastructure loans increased 43% from Rs 250 crore in H1 FY?08 to Rs 356 crore in H1 FY?09.

NII from treasury operations decreased by 30% from Rs 80 crore to Rs 56 crore. Non-interest income increased 30% from Rs 293 crore to Rs 382 crore in H1 FY?09.

The balance sheet size of the institution grew 28% from Rs 22,578 crore as on September 30, 2007 to Rs 28,970 crore as on September 30, 2008. Loan book grew by 25% from Rs 17,160 crore to Rs 21,393 crore. As on September 30, 2008, IDFC?s exposure was Rs 35,030 crore.

IDFC realised fees of Rs 77 crore from the asset management business, while income from investment banking and broking activity was Rs 73 crore. Income from principal investments was Rs 153 crore in H1 FY?09 and other fees were Rs 79 crore.

Rel Infra net surges 15%

Anil Ambani-led Reliance Infrastructure Limited on Wednesday said its net profit for the second quarter ended September 30 stood at Rs 288.97 crore, a rise of 15.5% from Rs 250.08 crore for the corresponding period of the previous year. Its total income increased to Rs 2,674.82 crore from Rs 1,799.92 crore, a rise of 48.61%.

Reliance Infrastructure?s net for half year rose to Rs 541.51 crore against Rs 472 crore in the corresponding period a year ago, an increase of 14.81%. The total operating income for the period under review increased by 49% to Rs 4,764 crore against Rs 3,201 crore.

The company achieved aggregate sales of electricity energy of 4,950 million units during the half year ended September 30, against 4,860 million units in the corresponding period of the previous year, an increase of 2%. Its aggregate revenues from energy sales were Rs 3,765 crore compared to Rs 2,545 crore, a rise of 48%.

Shares of Reliance Infrastructure closed at Rs 473.45, down 6.37% on the Bombay Stock Exchange.