IFCI Q2 net profit up 7 per cent at Rs 140 crore

IFCI Ltd on Tuesday reported a 7.1 per cent rise in net profit at Rs 140.31 crore for the quarter ended September, 2013.

The company had posted a net profit of Rs 131.01 crore during the corresponding period a year ago, it said in a filing to the BSE.

Total income of the company during the quarter ended September, 2013 increased to Rs 756.95 crore from Rs 709.74 crore a year earlier.

The public sector financial firm caters to long-term funding needs of the industrial sector.

Shares in IFCI, on Tuesday, ended at Rs 24.40 apiece on the BSE, down 1.01 per cent from the previous close.