IFCI reports Q1 net profit of Rs.2468.6 million, EPS at Rs.3.83

IFCI reported robust Q1 results for financial year 2007-2008. The company reported Net Profit of Rs.2468.6 Million for the first quarter ended June 30, 2007.

The Total Income stood at Rs.4855.7 Million inclduing Other Income of Rs.1356.2 Million. The company reported Operating Profit of Rs.2933.8 Million. After providing Rs.656.2 Million for Income Tax, the Net Profit stood at Rs.2468.6 Million.

On an equity capital of Rs.6386.8 Million, the Q1 EPS stood at Rs.3.83. The Other Income includes interest on income tax refund of Rs 1315.10 million.

The stock closed the day at Rs.59.40, down by Rs.2.70 or 4.35%. The stock hit an intraday high of Rs.64.30 and low of Rs.58.80. The total traded quantity was 31810027 compared to 2 week average of 17513715.

Source : Equity Bulls

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