IFCI has reported results for the fourth quarter and year ended March 31, 2016.
The company has reported a net loss of Rs 101.03 crore for the quarter ended March 31, 2016 as compared to a net profit of Rs 119.57 crore for the same quarter in the previous year. However, total income of company has increased by 15.49% at Rs 1023.72 crore for quarter under review as compared Rs 886.39 crore for the quarter ended March 31, 2015.
For the year ended March 31, 2016, the company has posted a fall of 35.30% in its net profit at Rs 337.45 crore as compared to Rs 521.60 crore for the same period in the previous year. However, total income of company increased 19.74% at Rs 4006.64 crore for year under review as compared to Rs 3346.08 crore for the period ended March 31, 2015.
For the year ended March 31, 2016, on the consolidated basis, the company has posted a fall of 32.46% in its net profit at Rs 362.83 crore as compared to Rs 537.21 crore for the same period in the previous year. However, total income of company has increased by 17.42% at Rs 4633.65 crore for year under review as compared to Rs 3946.35 crore for the period ended March 31, 2015
