IFCI Q4 net down 4% to Rs 233 cr

However,the total income of the firm rose by 32.5 per cent to Rs 716.6 crore for January-March quarter from Rs 540.4 crore in the corresponding period last year.

The board has proposed a 10 per cent dividend of Re 1 per share for the year ended March 31,2011.

For the year ended March 31,2011,the company had posted a net profit of Rs 706 crore against Rs 671 crore in the previous year,an increase of 5 per cent.

Total income also improved from Rs 1,679.3 crore for the year ended March 31,2010 to Rs 2,486.3 crore for the year ended March 31,2011.

At consolidated level,IFCI’s net profit rose to Rs 745.5 crore for 2010-2011 as compared to Rs 693 crore in the previous fiscal.