IFCI Q3 net dips 33 per cent to Rs 76 crore

State-run IFCI today reported a 33 per cent decline in net profit at Rs 76.31 crore for the third quarter ended December 31, 2012.

The Industrial Finance Corporation of India (IFCI) had a net profit of Rs 114.05 crore in the October-December quarter of 2011-12 fiscal.

Total income of the company too fell to Rs 647.58 crore during the third quarter, from Rs 680.38 crore in the corresponding period last year, IFCI said in a BSE filing. Shares of IFCI were trading at Rs 33, down 3.08 per cent over their previous close on the BSE in the late afternoon trade.