IFCI Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

IFCI Limited has announced a board meeting on approving the financial results for the quarter and half-year. Consolidated revenue stood at ₹1,876.10 Cr with a strong profit after tax of ₹348.61 Cr, rising from ₹241.05 Cr year-on-year. Loan impairment provisions increased by ₹290.86 Cr due to revised accounting, alongside a ₹106.16 Cr interest income on doubtful assets recognized and written off, resulting in no net profit impact. The company received fresh equity funding of ₹500 Cr from the government, partially unutilized. It also secured nod for group consolidation via subsidiary mergers to enhance operational efficiency.