The country’s oldest financial institution, IFCI, has reported a net profit of Rs 142.50 crore for the quarter ended March 31, 2009, and also declared a dividend after a gap of many years. The company had a net loss of Rs 42.5 crore in the March quarter of FY’08. Total income, however, decreased to Rs 369.5 crore during the quarter against Rs 451.3 crore in the quarter ended March 31, 2008.he company also proposed a dividend of 8 per cent for the year ended March 31, 2009. Net profit of the company during 2008-09 declined by 35.5 per cent to Rs 657.1 crore against Rs 1,020.5 crore in the previous fiscal.
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