IFCI (IFCI) Q2 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024.

• Standalone net loss for the quarter was ₹21.56 crore, while consolidated net profit was ₹184.89 crore.

• Significant government capital infusion of ₹500 crore in March 2024, fully utilized for debt servicing.

Financial highlights

• Standalone total income for Q2 FY25 was ₹300.62 crore, up from ₹166.60 crore in Q2 FY24.

• Standalone net loss for Q2 FY25 was ₹21.56 crore, compared to a net loss of ₹166.84 crore in Q2 FY24.

• Consolidated total income for Q2 FY25 was ₹785.80 crore, with a net profit of ₹184.89 crore, compared to a net loss of ₹87.97 crore in Q2 FY24.

• Earnings per share (standalone) for the quarter was ₹(0.08), and consolidated was ₹0.32.

Outlook and guidance

• Management expects the difference in provisioning under RBI norms and Ind AS 109 to be temporary and to be subsumed by year-end.

• No new loan exposures are being taken, leading to a reduction in gross NPAs in absolute terms.