IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector.
Financial Results:
- IFCI Ltd reported Revenues for Q1FY24 of ₹320.00 Crores up from ₹311.00 Crore year on year, a rise of 2.89%.
- Total Expenses for Q1FY24 of ₹452.00 Crores down from ₹530.00 Crores year on year, a fall of 14.72%.
- Consolidated Net Profit of -₹129.00 Crores from -₹197.00 Crores in the same quarter of the previous year.
- The Earnings per Share is -₹0.64, from -₹0.99 in the same quarter of the previous year.
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