Shares of IFCI Ltd surged over 6% in today’s trade, touching an intraday high of ₹46.20. The stock gained momentum despite the absence of any specific market-moving trigger.
In its latest consolidated quarterly results, IFCI reported net sales of ₹457.55 crore in December 2024, reflecting a 0.68% increase from ₹454.46 crore in December 2023. However, the company’s quarterly net loss widened to ₹30.66 crore, marking a 177.98% decline compared to ₹39.32 crore in December 2023. Meanwhile, EBITDA stood at ₹254.90 crore, up 6.3% from ₹239.80 crore in December 2023.
Despite the weakened bottom line, investor sentiment towards IFCI remained strong, driving the stock higher in Friday’s session.
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