Latest News | IFCI's Loss Narrows to Rs 684.8 Cr in Dec Quarter

New Delhi, Feb 11 (PTI) Infrastructure term lender IFCI Ltd on Friday reported narrowing of its consolidated net loss to Rs 684.82 crore for the December 2021 quarter.

The company had posted a net loss of Rs 717.99 crore in the corresponding quarter last fiscal. However, compared sequentially, the net loss was higher than Rs 444.72 crore in the September 2021 quarter.

Also Read | The Complete Guide to Bitcoin and its Future & Beyond.

Its total income during October-December 2021 stood at Rs 284.18 crore, compared with Rs 610.12 crore in the year-ago period, IFCI Ltd said in a regulatory filing.

Shares of IFCI on Friday closed at Rs 14.30 apiece on the BSE, down 3.70 per cent from the previous close. HRS hrs

Also Read | OnePlus Nord CE 2 5G Teased on Amazon India, MediaTek Dimensity 900 & 65W SuperVOOC Fast Charging Confirmed.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)