IFCI Ltd on Friday reported a 15 per cent increase in net profit for the third quarter ended December 31, 2015 at Rs 154 crore (Rs 134 crore).
Total income for the quarter under review increased 7.6 percent to Rs 897 crore (Rs 834 crore).
The board of directors of IFCI has declared an interim dividend of 10 per cent (Rs 1 per share of Rs 10 each).
In the second quarter, IFCI had reported a net profit of Rs 182 crore..
For the nine-month period ended December 31, 2015, IFCI has recorded a net profit of Rs 439 crore. This represents a 9.2 per cent increase over a net profit of Rs 402 crore recorded in the same period last fiscal.
Commenting on the third quarter financial performance, Malay Mukherjee, Managing Director & Chief Executive Officer, IFCI, said this was a good quarter for IFCI in line with the strategy adopted in the last two years.
Going by the performance so far in the nine months till December, IFCI is on course this fiscal to surpass the bottomline of Rs 522 crore recorded last fiscal, Mukherjee told BusinessLine .
The quarter under review saw some monetisation of non-core assets and this helped bolster bottomline performance.