IFCI Ltd. reported fourth-quarter stand-alone net profit of Rs.149.94 crore, down by 32 percent from the Rs.219.25 crore for the quarter ended March 31, 2012. on a per share basis, earnings for the quarter fell by 62 percent to Re.0.90 from the Rs.2.36 in Q4FY12.
Results for the quarter included a one-time charge of Rs.52.59 crore towards net write off/provision for bad and doubtful assets and others.
Its quarterly total net income from operations, including other operating income, declined by ten percent to Rs.710.85 crore form the Rs.787.90 crore in the corresponding quarter of the preceding year.
For the full year, its stand-alone net profit declined by 32 percent to Rs.450.87 crore from the Rs.663.62 crore a year-ago. Total net income from operations, including other operating income, decreased by three percent to Rs.2,705.85 crore from the Rs.2,800.97 crore last year.
Consolidated Results
For Apr-March 2013 period, the company reported consolidated net profit, after minority interest and share of associates, of Rs.532.78 crore, down by 26 percent from the Rs.715.76 crore for April-March 2012 period. Total net income from operations, including other operating income, grew by two percent to Rs.3,147.59 crore from the Rs.3,089.75 crore for the twelve month period ended March 31 last year.
The company said its board recommended a dividend of ten percent or Re.1.00 per equity share of Rs.10 each for the fiscal year 2013.
At the BSE, IFCI shares are currently trading at Rs.29.80, unchanged from the previous close.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.