IFCI Ltd posted a net profit of Rs 219.2 crore for the fourth quarter ended March 31, 2012, down marginally by 6 per cent.
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 BSE.
However, the total income of the firm rose by 12 per cent 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.
Shares of IFCI traded 2 per cent higher on the Bombay Stock Exchange at Rs 42.85 at 10:36 am. BSE Sensex index was up 0.81 per cent.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
