IFCIQ3 results

Operational income at Rs 627 crore

Thesynergyonline Corporate Bureau

NEW DELHI, FEBRUARY 05 : IFCI registered  operational income of Rs .627 crore in the third quarter FY2018 , higher than Rs 577 crore for the third quarter 3 for FY- 2017.

There was operational profit of Rs 116 crore in the third quarter as against Rs 41 crore in the third quarter of FY 2017. However, on a prudential basis due to higher provisions of Rs 412 crore in the December 2017 quarter as compared to Rs 140 crore in December 2016 quarter, the current quarter ended with a net loss of Rs 177 crore as against net loss of Rs 45 crore in December 2016 quarter. about Rs.2,075 crore in this period.
Particulars Q3FY 2018-19 Q3FY 2016-17 % variation 9-month FY'18 9-month FY'17
Operational income Rs 627 crore Rs 577 crore 8.66 (+) (-)Rs.1,967 crore Rs.2,162 crore
Operational profit Rs 116 crore Rs 41 crore 182.92 (+) --- ----
Provisioning Rs 412 crore Rs 140 crore 194.28(+)    
Net Interest Income Rs .24.13 crore -- --- Rs.24.13 crore  
Gross NPAs 35.8% 34.8% --    
Net NPAs 26.5% 27.3% -2.93    
           
Recovery from NPAs ---     Rs.672 Rs 159 crore
Capital Adequacy Ratio 15.22%