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 Q2FY25 of ₹617.00 Crores up from ₹607.00 Crore year on year, a rise of 1.65%.
Total Expenses for Q2FY25 of ₹510.00 Crores up from ₹92.00 Crores year on year, a rise of 454.35%.
Consolidated Net Profit of ₹185.00 Crores up 6.32% from ₹174.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹0.32, down 27.27% from ₹0.44 in the same quarter of the previous year.