IFCI announces Q4 & FY09 results

IFCI announces Q4 & FY09 resultsIFCI Ltd has declared Audited results for the quarter & year ended March 31, 2009.

During the three month period ended on 31, March 2009, the company has clocked a Profit after tax (PAT) of Rs 1425 million as compared to net loss of Rs 425 million for the quarter ended March 31, 2008.

Company's total income during the reporting quarter came down to Rs 3695 million from Rs 4513 million in the corresponding period of last fiscal.

During the year ended 31, March 2009, the company has recorded a PAT of Rs 6571 million as against Rs 10205 million for the year ended March 31, 2008.

In the latest year, total income of the company has witnessed downward trend to Rs 14845 million from Rs 21114 million for the year ended March 31, 2008.

IFCI Ltd provides medium and long-term credits to industrial concerns in India.