IFCI posts Rs 42 cr Q4 loss

CORPORATE SCORECARD

Industrial Finance Corporation of India (IFCI) today announced a standalone net loss of Rs 42.52 crore for the fourth quarter ended March 2008 as against a net profit of Rs 668.43 crore in the corresponding period a year ago.

The total income dropped to Rs 451.35 crore for the latest quarter from Rs 1,094.09 crore in the year-ago period, IFCI said in a filing to the Bombay Stock Exchange. 

Key parameters for quarter ended Mar '08
Rs crore	2007	2008
Interest earned	1,052.62	447.05
Expenditure	96.66	320.51
OP	1,009.38	130.84
Net profit	668.43	-42.52
NPM (%)	63.50	-9.51
Source: BSE

For the financial year ended March 31, 2008, IFCI announced a profit after tax (PAT) of Rs 1,022.40 crore, a 13.77 per cent growth over the year-ago period.

The financial institution had a net profit of Rs 898.64 crore in the financial year ended March 31, 2007.

The consolidated total income rose to Rs 2,116.13 crore for the financial year ended March 31, 2008, from Rs 2,050.34 crore in the previous year.

IFCI announced a standalone PAT of Rs 1,020.57 crore for FY08, a 13.65 per cent growth over the year-ago period.

The financial institution had a net profit of Rs 898.02 crore in the financial year ended March 31, 2007.

The stand-alone total income rose to Rs 2,111.42 crore for the year ended March 31, 2008, from Rs 2,046.68 crore in the previous financial year. Shares of IFCI closed at Rs 62.85, up 1.05 per cent on BSE.