IFCI has reported results for its first quarter ended June 30, 2011.
The company’s net profit for the quarter has rose by 11.92% at Rs 132.06 crore as compared to Rs 118.00 crore for the same quarter last year. Its total income increased by 20.56% to Rs 610.43 crore for the quarter under review from Rs 506.34 crore for the corresponding quarter of the previous year.
IFCI was established with an intention to provide long-term finance needs of the industrial sector. It got listed in the year 1993 changed its status from statutory corporation to a company. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.
Company Name | CMP |
---|---|
Power Finance Corp | 492.70 |
REC | 537.65 |
Indian Railway Finance | 177.80 |
Satin Creditcare | 220.20 |
MAS Financial Serv | 288.00 |
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