IFCI Q4 net down 6% at Rs 219 cr

However, total income of the firm up by 12% to Rs 801 crore for March quarter

IFCI today posted a net profit of Rs 219.2 crore for the fourth quarter ended March 31, 2012, down marginally by 6%.

The financial institution had recorded a net profit of Rs 233 crore in the corresponding quarter last fiscal, IFCI said in a filing to the Bombay Stock Exchange (BSE).

However, the total income of the firm rose by 12% to Rs 801.4 crore for January-March quarter from Rs 715.3 crore in the corresponding period last year.

For the year ended March 31, 2012, the company had posted a net profit of Rs 663.6 crore against Rs 706.2 crore in the previous year.

Total income also improved from Rs 2,480.1 crore for the year ended March, 2011 to Rs 2,850.2 crore for the year ended March, 2012.