IFCI has reported results for second quarter ended September 30, 2012.
On standalone basis, the company has posted a fall of 33.92% in its net profit at Rs 131.01 crore for the quarter ended September 30, 2012 as compared to Rs 198.26 crore for the same quarter in the previous year. Total income has decreased by 6.35% to Rs 709.74 crore for quarter under review as compared to Rs 757.91 crore for the quarter ended September 30, 2011.
IFCI is engaged in providing corporate loans and project-specific loans to corporate. In addition, IFCI also invests in companies through equity, preference shares and debt instruments.
