IFCI has reported results for first quarter ended June 30, 2015.
The company has reported 7.48% rise in its net profit at Rs 101.54 crore for the quarter ended June 30, 2015 as compared to Rs 94.47 crore for the same quarter in the previous year. The company’s total income has increased by 24.07% to Rs 913.85 crore for the quarter under review from Rs 736.55 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.
