IFCI has reported results for third quarter ended December 31, 2014.
The company has reported a fall of 6.05% in its net profit at Rs 133.77 crore for the quarter under review as compared to Rs 142.39 crore for the same quarter in the previous year. However, total income of the company has increased 5.70 % at Rs 848.81 crore for Q3FY15 as compared Rs 803.06 crore for the corresponding quarter 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.