Industrial Finance Corporation of India (IFCI) today reported a 12% increase in net profit at Rs 132 crore for the first quarter ended June 30, 2011, over the same period a year ago.
The financial institution had a profit after tax of Rs 118 crore in the corresponding period of the previous fiscal, IFCI said in a filing to the Bombay Stock Exchange.
Total income of the company rose to Rs 610.43 crore during the April-June quarter, from Rs 506.34 crore in the same period previous fiscal.
Shares of IFCI closed at Rs 46.05, up 0.33% on the BSE.
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