Engaged in development financing, IFCI Ltd, posted a staggering 30 per cent rise in net profit at Rs 136.35 crore in the third quarter ended December 31, 2009 as compared to Rs 104.48 crore in the corresponding quarter last year.
The company reported a turnover of Rs 385.07 crore during the third quarter of 2009-10 as against Rs 353.22 crore in the same quarter of last year.
For the first nine month period, however, the net profit of the company declined at Rs 427.61 crore as against Rs 514.61 crore in the same period last year despite an increase in turnover at Rs 1,114.85 crore versus Rs 1,045.81 crore.