IFCI Limited has reported a net loss of ₹228.75 crore for the third quarter (Q3) of FY25, a significant decline from its ₹24.73 crore profit in Q3 FY24. Despite this, the company’s total income rose to ₹195.33 crore, up from ₹215.70 crore in the same period last year.
Key Financial Highlights (Standalone)
- Total Revenue from Operations: ₹193.12 crore, down 10% YoY from ₹214.74 crore in Q3 FY24
- Total Income: ₹195.33 crore, compared to ₹215.70 crore in Q3 FY24
- Net Profit/Loss: ₹(228.75) crore, compared to a profit of ₹24.73 crore in Q3 FY24
- Earnings Per Share (EPS): ₹(0.88), compared to ₹0.52 in FY24
- Capital Adequacy Ratio (CRAR): (-54.10%), falling below RBI’s stipulated guidelines
Business Performance & Key Developments
- Interest Income declined to ₹80.18 crore, down from ₹100.83 crore in Q3 FY24.
- Impairment on financial instruments surged to ₹125.03 crore, up from ₹10.68 crore in Q3 FY24, impacting overall profitability.
- The company received ₹500 crore in capital infusion from the Government of India as share application money on January 28, 2025.
- Provisioning for Non-Performing Assets (NPAs) remains a challenge, with gross NPAs at ₹4,058.47 crore (96.30% of total loans).
The Ministry of Finance has approved the in-principle consolidation of IFCI Group, which may include the merger/amalgamation of IFCI with its subsidiaries. The process is expected to be executed under regulatory guidelines.
IFCI continues to face financial stress due to high NPAs and provisioning requirements, but the capital infusion from the government is expected to support stabilization efforts. The company is focused on restructuring and strategic consolidation for long-term sustainability.
