IFCI Q4 net up at Rs 142.5 cr

Written by Agencies | Mumbai | Updated: Jun 28 2009, 01:42am hrs
The country's oldest financial institution, IFCI, reported a net profit of Rs 142.50 crore for the quarter ended March 31, 2009, and also declared a dividend after a gap of many years.

The company had a net loss of Rs 42.5 crore in the March quarter of FY'08, IFCI said in a filing to the Bombay Stock Exchange.

Total income, however, decreased to Rs 369.5 crore during the quarter against Rs 451.3 crore in the quarter ended March 31, 2008.

The company also declared a dividend after many years.

It proposed 8 per cent for the year ended March 31, 2009.

The net profit of the company during 2008-09 declined by 35.5 per cent to Rs 657.1 crore against Rs 1,020.5 crore in the previous fiscal.

Total income decreased by 30 per cent at Rs 1,484.5 crore for 2008-09 against Rs 2,111.4 crore for the year ended March 31, 2008.

The company also said that the shareholders would get Rs 0.8 per share resulting in the dividend payout of Rs 71.36 crore.