20 Jun 2019 | 3:46 PM

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COMPANYNEWS
IFCI posts Q4 net loss of Rs 37.66 cr
  IFCI Ltd. | 20 Jun 2019 | 03:41 PM
Published on 05-22-2019
The company reported standalone net loss during the quarter stood at Rs 37.66 crore as compared to net loss of Rs 566.64 crore in the previous year quarter.


Net revenue of the company declined substantially by 37.99 per cent at Rs 453.95 crore in January-March quarter of this fiscal as against Rs 732.07 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 97.33 per cent to Rs 43.65 crore from Rs 1634.86 crore in year ago period.


Other Income dipped by 23.99 per cent at Rs 20.06 crore versus (Mar`18 Rs 26.39 crore).


Operating Profit surged by 145.56 per cent to Rs 410.30 crore as against Rs -900.53 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 173.47 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 405.98 crore while Taxation increased by 117.08 per cent at Rs 53.96 crore (Mar`18 Rs -315.89 crore).