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IFCI strengthens on reporting 71% rise in Q1 net profit

12 Aug 2014 Evaluate

IFCI is currently trading at Rs 38.65, up by 1.60 points or 4.32% from its previous closing of Rs 37.05 on the BSE.

The scrip opened at Rs 37.35 and has touched a high and low of Rs 38.90 and Rs 37.15 respectively. So far 1651722 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 44.90 on 10-Jun-2014 and a 52 week low of Rs 17.85 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 38.65 and Rs 36.20 respectively. The current market cap of the company is Rs 6415.46 crore.

The promoters holding in the company stood at 55.53% while Institutions and Non-Institutions held 20.57% and 23.90% respectively.

IFCI’s net profit for first quarter ended June 30, 2014 surged 71.42% at Rs 94.47 crore as compared to Rs 55.11 crore for the quarter ended June 30, 2013. Its total income has increased by 31.17% to Rs 736.55 crore for the quarter under review from Rs 561.53 crore for the corresponding quarter of the previous year.

IFCI was established with intent to provide long-term finance needs of the industrial sector. 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.

IFCI Share Price

61.22 0.54 (0.89%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 464.85
REC 373.35
Indian Railway Fin. 104.85
NHIT 151.00
Satin Creditcare 174.75
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