IL&FS Financial Services Ltd today reported a 39 per cent fall in net profit at Rs 132.81 crore during October-March period of last fiscal.
The company had registered a net profit of Rs 219.15 crore during October-March period of 2013-14 fiscal.
Total income during the second half (H2) of 2014-15 also fell at Rs 988.35 crore from Rs 1,024 crore in the same period of 2013-14, it said in a filing to BSE.
Interest income of the company fell to Rs 839.98 crore during the period, from Rs 927.40 crore a ago.
Gross non-performing assets (NPAs) rose to 2.58 per cent of gross loans as of March 31, 2015. While it was at 2.46 per cent as of March 31, 2014.
Net NPAs too rose to 2.08 per cent as of March 31, 2015 from 1.91 per cent a year ago.
During 2014-15 fiscal, net profit fell to Rs 249.37 crore from Rs 265.08 crore in the previous year. Income during the entire fiscal 2014-15, however, increased to Rs 1,921.25 crore, from Rs 1,814.99 crore.
IL&FS Financial Service Limited (IFIN) is a Non-Banking Finance Company (NBFC), specialising in infrastructure financing transactions.
It is a 100 per cent subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS).
