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IFCI reports 33% fall in Q3 net profit

12 Feb 2013 Evaluate

IFCI has reported results for third quarter ended December 31, 2012.

The company has reported 33.09% fall in its net profit at Rs 76.31 crore for the quarter as compared to Rs 114.05 crore for the same quarter in the previous year.  Total income from operation of the company has decreased by 4.82% at Rs 647.58 crore for quarter under review as compared to Rs 680.38 crore for the quarter ended December 31, 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

Peers
Company Name CMP
Power Finance Corpn. 344.75
REC 308.80
NHIT 168.00
Satin Creditcare Net 230.30
IFCI 69.64
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