Global Markets
Home›Global Markets›Emerging Markets›IFCI reports lower revenue but higher sequential profi…
IFCI reports lower revenue but higher sequential profit in June quarter
The NBFC posted revenue from operations of ₹358 crore, down 20% year-on-year, while net profit rose to ₹60.27 crore from ₹34 crore in the prior quarter.
IFCI reported mixed results for its June-ended quarter, with sequential profit improvement offset by declining revenue, according to LiveMint Markets. The non-banking financial company said revenue from operations fell to ₹358 crore, down 20% from ₹445 crore in the year-ago quarter and also lower than ₹470.55 crore in the prior quarter.
On profitability, IFCI’s net profit came in at ₹60.27 crore, roughly flat versus ₹62 crore in Q1FY26. Sequentially, profit jumped from ₹34 crore in Q4FY26, reflecting a rebound from the previous quarter.
The company also cited recognition of interest income of ₹18.90 crore on Stage 3 assets for the period ended June 30, 2026, which it said was written off as bad debt due to no expectation of recovery, resulting in no impact on net profit or loss for the quarter.
Despite the sequential improvement, IFCI said its capital position remains a concern, with its Capital Risk Adequacy Ratio at negative 17.58% as of June 30, 2026, below the minimum CRAR of 15% required under regulations. LiveMint Markets also noted the stock has been volatile, closing higher for the last four months and reaching an all-time high of ₹95.80, while delivering a 43% return so far this year.