IFCI Q1 net down 33% at Rs 101 cr

State-run financial institution IFCI today announced a profit after tax of Rs 100.78 crore in the first quarter ended June 30, 2009, down 33.28 per cent over the corresponding period a year ago.

The company had profit after tax of Rs 151.07 crore in the same period last fiscal, IFCI said in a filing with the Bombay Stock Exchange.

Total income of the company increased to Rs 327.75 crore for the quarter under review from Rs 313.42 crore in the same quarter previous year, it said.

The firm has three subsidiaries - IFCI Venture Capital Funds, IFCI Financial Services and IFCI Infrastructure Development.

 

Shares of the company closed at Rs 48.20, down 3.12 per cent from the previous close on the BSE.