IFCI Ltd has recorded a 48 per cent decline in net profit at Rs 259 crore in the second quarter ended September 30 this year as against Rs 497 crore in the corresponding quarter last year.
The dip in profit is mainly on account of lower income from operations and recovery of bad loans.
Income from operations fell by 35 per cent to Rs 383 crore in July-September period of 2008-09 as against Rs 591.6 crore in the same period in 2007-08.
IFCI share price today rose 3.79 per cent to Rs 30.10 on the Bombay Stock Exchange as against the previous closing of Rs 29.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app