IL&FS Investment Managers, private equity arm of IL&FS group, Wednesday reported a 24 per cent decline in net profit to Rs 5.21 crore for the third quarter ended December 2018.
The company, which is part of debt-ridden IL&FS group, had registered a Rs 6.84 crore net profit in the corresponding quarter of 2017-18.
The total income rose to Rs 17.7 crore during the quarter, compared with Rs 17.5 crore in the corresponding period a year ago, IL&FS Investment Managers said in a regulatory filing.
The Ministry of Corporate Affairs (MCA) has initiated investigation through Serious Fraud Investigation Office (SFIO) against Infrastructure Leasing & Financial Services Ltd (IL&FS), the holding company, and its subsidiaries, it said.
As part of its investigation, SFIO has been seeking information from the company on an ongoing basis, it said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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