IFCI Ltd share Price Today

IFCI Ltd is in the Finance sector with the Market Capitalization of worth Rs. 2,348.27 crores, it is incorporated in the year 1948. It has reported consolidated sales of Rs. 196.71 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 500106 and listed in the National Stock Exchange (NSE) with the code IFCI.

IFCI, previously referred to as Industrial Finance Corporation of India is a development finance institution, and it comes under the jurisdiction of the Ministry of Finance, Government of India. IFCI provides finance to ensure diversified growth of the industries. IFCI finances projects of different areas such as highways, airports, telecom, power, real estate, service sector, and other allied industries. During its existence, it has financed mega-projects like Adani-Mudras Airport, GMR Goa International Airport, Salasar Highways, Raichur Power Corporation, etc. IFCI has seven subsidiaries and one associate company. The Indian government has invested two hundred crores in IFCI’s venture capital fund for scheduled castes to encourage them to start businesses. This fund is under the management of IFCI Venture Capital Funds Ltd. The promoters of the company own 63.81% of the stake in the company, Foreign Institutional Investors (FII) own 2.8%, Domestic Institutional Investors (DII) own 9.16% of the stake, and others (such as public & retail investors) hold the balance of 24.23%.

In June 2021, quarterly net revenue was Rs. 224.89 crores, which has decreased by approximately 52.39% from Rs. 472.34 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 717.48 crores, which has also increased by nearly 142.15% from a net loss of Rs. 296.42 crores in June 2020. In June 2021, the reported operating profit was at Rs. 208.6 crores, which is also reduced by 56.15% as compared to an operating profit of Rs. 475.7 crores for the quarter ending in June 2020. From (Rs. 1.56) in June 2020, the EPS of IFCI Ltd has reduced further to (Rs. 3.51) per share in June 2021. IFCI’s stock closed at Rs. 11.5 on 18th August’2021 (NSE) and has returned 25.68% in the last six months and 61.97% in the previous year.