IFCI declares 10% interim dividend

State-owned IFCI today declared 10 per cent interim dividend for 2014-15.

The board has declared interim dividend of Rs 1 per equity share of Rs 10 each, IFCI said in a statement.

The dividend will be paid within 30 days from the declaration, it added.

For the third quarter ended December 2014, the company has posted 6 per cent decline in net profit at Rs 133.77 crore as compared to Rs 142.39 crore in the October-December quarter of the last fiscal.

The net interest margin declined to 2.5 per cent compared to 2.7 per cent in the corresponding period a year ago.

At the same time, net interest income (NII) during the third quarter slipped by 13.4 per cent to Rs 186 crore from Rs 215 crore in the same period of the previous fiscal.