IFCI has reported results for third quarter ended December 31, 2015.
The company has reported 15.37% rise in its net profit at Rs 154.33 crore for the quarter ended December 31, 2015 as compared to Rs 133.77 crore for the same quarter in the previous year. The company’s total income has increased by 11.59% to Rs 947.15 crore for the quarter under review from Rs 848.81 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.