IFCI Ltd today said net profit rose by 71 per cent to Rs 243 crore for the quarter ended March 31, 2010, compared to the corresponding period last year.
Total income rose to Rs 540 crore for the quarter ended March 31 from Rs 369 crore in the corresponding period last year, IFCI said in a filing to the Bombay Stock Exchange.
The board has proposed a dividend of Re 1 per share for the year ended March 31.
For the year ended March 31, 2010, the company had posted a consolidated net profit of Rs 693 crore, up 4.68 per cent over the previous year.
Shares of IFCI Ltd were trading at Rs 52.95 on the BSE, up 2.72 per cent from the previous close.