Key takeaways of conference call

Revenue of the company for the quarter ended June 2012 was higher by 54% to Rs 60.31 crore and the PAT was higher by 124% to Rs 22.95 crore.

The Net Interest Margin (NIM) stands at 9.07% for Q1FY13 compared to 8.79% in Q4FY12 and 4.97% in the corresponding previous period. The company is hopeful of maintaining the high single digit NIM for current fiscal.

Despite toughening of the interest rates in the market, the company has been able to keep cost of funds lower to remain competitive. The cost of funds stood at 8.66% compared to 9.89% in Q4FY12 and 10.50% in the corresponding previous period.

The Company has secured ECB funding of USD 76 million out of which only USD 51 million was drawn down till 30th June 2012. Another drawdown of USD 25 million was made during July 2012. The company is also negotiating with other ECB lenders for further funds, which is further expected to reduce the overall cost of funds in the coming quarters.

Sanctions in Q1FY13 aggregate to Rs 953 crore compared to Rs 500 crore in corresponding previous period. The company Post Q1FY13 till date has further sanctioned loans aggregating to Rs 442 crore to three power projects. The total effective debts sanctioned as at the end of Q1 FY13 aggregated to Rs 7232 crore compared to Rs 6335 crore at the end of FY12, recording growth of 14%yoy.

Disbursement in Q1FY13 stood at Rs 400 crore.

NPAs as end of June 30, 2012 were nil.

The outstanding debt as at the end of Q1 FY13 was Rs 1630 crore (up 28% yoy).