IFCI Q1 PAT up 71% at Rs 94.5 cr on higher NII

The company's NII rose 62.6 percent at Rs 235.6 crore against Rs 145 crore, Y-o-Y.

IFCI 's April-June quarter (Q1FY15) net profits jumped 71.4 percent to Rs 94.5 crore versus Rs 55.11 crore in a year ago period due to the higher NII and jump in operating profit.

The company's NII rose 62.6 percent at Rs 235.6 crore against Rs 145 crore, Y-o-Y.

Total income was up 31.7 percent to Rs 726.1 crore versus Rs 551.4 crore.

The company's provisions increased by 47 percent to Rs 78.21 crore against Rs 53.31 crore, Y-o-Y, however, it was down 38 percent to Rs 78.2 crore versus Rs 126 crore, Q-o-Q.

The operating profit rose 68.6 percent to Rs 208 crore versus Rs 123.4 crore.

At 15:28 hrs (IST), IFCI was quoting at Rs 38.75, up Rs 1.70, or 4.59 percent.

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IFCI Q1 PAT up 71% at Rs 94.5 cr on higher NII

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