|
Category :
Company News
Headline :
IFCI posts Q4 net profit of Rs 215.51 cr
Date:
01/05/2024 09:30
The company reported standalone net profit during the quarter stood at Rs 215.51 crore compared to net loss of Rs 232.50 crore in the previous year quarter.
Net revenue of the company rose triple digit by 170.27 per cent at Rs 382.89 crore in January-March quarter of this fiscal as against Rs 141.67 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 127.64 per cent to Rs -44.52 crore from Rs 161.08 crore in year ago period.
Other Income grew by 971.69 per cent at Rs 53.37 crore versus (Mar'23 Rs 4.98 crore).
Operating Profit surged by 2302.01 per cent to Rs 427.41 crore as against Rs -19.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 914.82 per cent in March quarter.
Interest declined by 2.61 per cent y-o-y to Rs 146.22 crore, while Taxation increased by 82.58 per cent at Rs 113.00 crore (Mar'23 Rs 61.89 crore).
|