IFCI (IFCI) Q3 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.

• No defaults on loans or debt securities as of December 31, 2024.

• In-principle approval received for consolidation/merger of group companies.

Financial highlights

• Standalone total income for Q3 FY25: ₹195.33 crore, down from ₹215.70 crore in Q3 FY24.

• Standalone net loss for Q3 FY25: ₹58.96 crore, compared to net loss of ₹10.06 crore in Q3 FY24.

• Consolidated total income for Q3 FY25: ₹457.33 crore, up from ₹454.46 crore in Q3 FY24.

• Consolidated net loss for Q3 FY25: ₹8.74 crore, compared to net profit of ₹39.32 crore in Q3 FY24.

Outlook and guidance

• Management expects the difference in provisioning under RBI norms and Ind AS 109 to be subsumed by year-end (March 31, 2025).

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