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IFCI Q2 net profit up at Rs 497 cr

Published on Mon, Oct 15, 2007 at 16:25 , Updated at Tue, Oct 16, 2007 at 14:38
Source : moneycontrol

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IFCI announced its Q2 FY08 result. The company in the second quarter of current fiscal posted net profit  of Rs 497 crore versus Rs 116 crore in the same quarter previous year, a growth of 329%. During the corresponding quarter, its total income was up 83.1% at Rs 595 crore versus Rs 325 crore.

In Q2 its PBT includes Write-back of Rs 348 cr on account of bad assets.

Other income includes interest on IT refund Rs 132 crore, which boosting net profit.

Result (Rs cr) Sep-07 Jun-07 Mar-06 Dec-06 Sep-06
Net Sales 591.60 - - - -
Interest Earned / Operating Income - 349.95 1052.62 361.66 323.44
Other Income 4.00 135.62 41.47 5.88 2.03
Total Income 595.60 485.57 1094.09 367.54 325.47
Interest Expanded - -179.44 -181.37 -187.77 -168.23
Expenditure 152.18 -12.75 96.66 -47.85 -38.90
Operating Profit 747.78 293.38 1009.38 131.92 118.34
Profit Before Depreciation and Tax 747.78 293.38 1009.38 131.92 118.34
Depreciation -1.64 -1.68 -2.11 -2.20 -2.45
Profit before Tax 746.14 291.70 1007.27 129.72 115.89
Tax -248.85 -65.62 -363.15 -0.35 -0.06
Provisions and Contingencies - 20.78 - - -
Profit after Tax 497.29 246.86 644.12 129.37 115.83
Extraordinary Items - - 24.31 - -
Net Profit 497.29 246.86 668.43 129.37 115.83
Equity Capital 638.68 638.68 638.68 638.68 638.68

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Decoupling days are coming ahead.........

I do not think so since we are in the fundamental denial period right now and results are based on certain speculat...

in IFCI - harishkrsharma at 12-Oct-08 09:55

Decoupling days are coming ahead.........

Contd... Read stocks lower circuits have not been reduced ...........

in IFCI - harishkrsharma at 12-Oct-08 09:49

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