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IFCI logs Rs 101 crore Q4 net loss as provisions weigh

IFCI logs Rs 101 crore Q4 net loss as provisions weigh

NEW DELHI: Infrastructure term lender IFCI BSE 3.39 % today reported a net loss of Rs 101 crore for the fourth quarter ended March 2016 due to higher provisions. 

The company had reported a net profit of Rs 120 crore in January-March of 2014-15. 

The gross non-performing assets (NPAs) and net NPAs as of March 31 have increased to 13.05 per cent and 9.54 per cent, respectively, the company said at a of March 31 have increased to 13.05 per cent and 9.54 per cent, respectively, the company said at a press meet here. 

The corresponding figures stood at 10.28 per cent and 7.18 per cent in the same period a year earlier. 

Total income in the March quarter increased to Rs 1,023.72 crore as against Rs 886.39 crore a year ago. 
 

 

 

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