IFCI reports 14% rise in Q4 net profit

IFCI has reported results for fourth quarter and year ended March 31, 2014 The company has posted a rise of 13.57% in its net profit at Rs 170.29 crore for the quarter ended March 31, 2014 as compared to Rs 149.94 crore for the same quarter in the previous year. Total income of the company increased by 12.82% at Rs 829.72 crore for quarter under review as compared to Rs 735.38 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 12.69% in its net profit at Rs 508.10 crore as compared to Rs 450.87 crore for the same period in the previous year. Total income of company improved by 6.95% at Rs 2951.26 crore for year under review as compared to Rs 2759.30 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 0.79% in its net profit at Rs 536.23 crore as compared to Rs 532 crore in FY13. Total income of company increased by 14.14% at Rs 3639.64 crore for year under review as compared to Rs 3188.67 crore for the period ended March 31, 2013.