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IFCI posts Rs 209 cr Q2 profit, interest income declines to Rs 110 cr



Time period lender on Wednesday reported a consolidated web revenue of Rs 209 crore for September quarter 2022-23.


The corporate had incurred a web lack of Rs 445 crore in the identical quarter a yr in the past.


Whole revenue elevated to Rs 425 crore in July-September 2022-23 from Rs 373 crore in the identical quarter of earlier monetary yr, stated in a regulatory submitting.


Curiosity revenue decline to Rs 110 crore throughout the quarter from Rs 142 crore a yr in the past.


On standalone foundation, earned a revenue of Rs 110 crore throughout the quarter as in comparison with Rs 526 crore earlier.


Whole revenue of the corporate rose to Rs 126 crore from Rs 106 crore.


The corporate acquired Rs 100 crore on September 17, 2022 from the Centre in direction of subscription to the share capital as share utility cash, it stated.

(Solely the headline and film of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)



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