IFCI Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- IFCI Ltd reported a 41.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 2.7%.
- Its expenses for the quarter were down by 6.2% QoQ and 8.2% YoY.
- The net profit decreased 104.7% QoQ and decreased 122.2% YoY.
- The earnings per share (EPS) of IFCI Ltd declined at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 457.33 | 785.80 | 469.90 | -41.8% | -2.7% |
Total Expenses | 362.41 | 386.40 | 394.94 | -6.2% | -8.2% |
Profit Before Tax | 94.38 | 274.75 | 71.07 | -65.6% | 32.8% |
Tax | 103.12 | 89.86 | 31.75 | 14.8% | 224.8% |
Profit After Tax | -8.74 | 184.89 | 39.32 | -104.7% | -122.2% |
Earnings Per Share | -0.10 | 0.30 | 0.10 | -133.3% | -200.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IFCI Ltd, officially known as Industrial Finance Corporation of India, is a financial services company headquartered in India. It primarily focuses on providing financial support for the growth of industries in the country. The company offers a range of financial products and services, including project finance, infrastructure finance, structured finance, and corporate advisory services. It plays a pivotal role in the development of the industrial sector in India, aiding various industries through financial assistance and advisory services. As of the data provided, there are no recent major developments mentioned for IFCI Ltd.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), IFCI Ltd reported a total income of ₹457.33 crores. This represents a decline of 41.8% compared to the previous quarter, where the total income was ₹785.80 crores. When compared to the same quarter in the previous year (Q3FY24), there was a slight decrease of 2.7%, with the total income having been ₹469.90 crores. These figures indicate a significant quarter-over-quarter decrease in revenue, while the year-over-year comparison shows a marginal decline.
Profitability
The company's profit before tax for Q3FY25 was ₹94.38 crores, which is a substantial decrease of 65.6% from ₹274.75 crores in Q2FY25. However, when compared year-over-year, profit before tax increased by 32.8% from ₹71.07 crores in Q3FY24. Despite this increase in profit before tax YoY, the company's tax expenses rose dramatically by 224.8% YoY to ₹103.12 crores from ₹31.75 crores in Q3FY24, and by 14.8% QoQ from ₹89.86 crores. This resulted in a net loss, with profit after tax for Q3FY25 being negative at ₹-8.74 crores, compared to a profit of ₹184.89 crores in the previous quarter and ₹39.32 crores in the same quarter of the previous year.
Operating Metrics
The company's earnings per share (EPS) for Q3FY25 were reported at ₹-0.10, a notable decrease from ₹0.30 in Q2FY25, and significantly lower than the ₹0.10 reported in Q3FY24. This reflects a decrease of 133.3% QoQ and 200.0% YoY. Total expenses for Q3FY25 were ₹362.41 crores, representing a decrease of 6.2% from the previous quarter's expenses of ₹386.40 crores, and an 8.2% reduction from the same quarter last year, where expenses were ₹394.94 crores. These figures suggest a reduction in operating expenses both quarterly and annually, but this was not sufficient to offset the decline in revenue and increase in tax expenses, resulting in a negative EPS for the quarter.
