Standalone Financial Results (Rs. in Crore)
Income Statement:
- Revenue from operations: ₹102.64
- Interest Income: ₹19.83
- Dividend Income: ₹0.06
- Rental Income: ₹13.08
- Fees and commission Income: ₹14.08
- Net gain on fair value changes: (₹28.13)
- Other Income: ₹22.76
- Total income: ₹125.40
Expenses:
- Finance costs: ₹103.61
- Impairment on financial instruments: (₹48.30) [reversal]
- Employee Benefits Expenses: ₹20.87
- Depreciation and Amortization: ₹6.06
- Others expenses: ₹17.80
- Total expenses: ₹100.04
Profitability:
- Profit before tax: ₹25.36
- Tax expense: ₹16.72 (Deferred Tax)
- Profit for the period: ₹8.64
- Earnings per share (Basic and Diluted): ₹0.03
Other Financial Data:
- Paid-up equity share capital: ₹2,694.31 crore (Face Value ₹10 each)
- Other equity: Not specified for current period
Consolidated Financial Results (Rs. in Crore)
Income Statement:
- Total Revenue from operations: ₹327.06
- Interest Income: ₹113.28
- Dividend Income: ₹10.83
- Rental Income: ₹12.85
- Fees and commission Income: ₹157.95
- Net gain on fair value changes: (₹26.43)
- Sale of products: ₹0.11
- Sale of services: ₹58.47
- Other Income: ₹30.67
- Total income: ₹357.73
Expenses:
- Finance costs: ₹103.75
- Fees and commission expense: ₹30.74
- Impairment on financial instruments: (₹44.62) [reversal]
- Employee Benefits Expenses: ₹74.40
- Depreciation and Amortization: ₹20.22
- Others expenses: ₹77.48
- Total expenses: ₹262.44
Profitability:
- Profit before tax: (₹0.64) [loss]
- Tax expense: ₹35.66
- Profit for the period after taxes: (₹36.30) [loss]
- Share of net profit of associates: ₹96.57
- Profit for the period: ₹60.27
- Profit attributable to Equity holders of parent: ₹33.52
- Non-controlling interest: ₹26.75
- Earnings per share (Basic and Diluted): ₹0.12
Other Financial Data:
- Paid-up equity share capital: ₹2,694.31 crore
- Other Equity: ₹6,250.13 (as per audited balance sheet as at 31st March)
Key Notes and Disclosures
1. Board Approval: Financial results reviewed by Audit Committee and approved by Board on August 11, 2026. Reviewed by M/s S Mann and Company, Chartered Accountants.
2. Group Consolidation: Received in-principle approval from Department of Financial Services (DFS), Ministry of Finance vide letter F.No.2/22/2016-IF-1 dated November 22, 2024 for 'Consolidation of IFCI Group' involving merger/amalgamation of certain group companies. Board accorded in-principle approval on November 22, 2024.
3. Provisioning: As of June 30, 2026, provisioning required under RBI Prudential (IRACP) Norms is higher than impairment allowance under Ind AS 109 by ₹51.67 crore. Existing impairment reserve balance of ₹104.67 crore sufficient, so no further reserve created as per RBI notification no. RBI/DOR/2025-26/356.
4. Interest Income Recognition: Recognized interest income of ₹18.90 crores on stage 3 assets for the quarter, but written off as bad debts due to no expectation of recovery. No impact on net profit.
5. NPA Position:
- Gross NPAs: ₹3,521.81 crore (95.68%) as of June 2026 vs ₹3,589.97 crore (95.79%) as of March 2026
- Reduction in standard loan accounts due to no fresh loan exposure
6. Subsidiary Valuation: Investment in subsidiaries valued based on financial statements as of March 31, 2026 instead of June 30, 2026.
7. Litigation: Subsidiary Stockholding Corporation of India involved in litigation from FY 2000-01 securities transaction involving ₹24.41 crore. Civil Appeal pending before Supreme Court. Matter sub judice.
8. Security Cover: 100% security cover maintained on all secured bonds and debentures outstanding as of June 30, 2026 by floating charge on book debts/receivables.
9. CRAR: Capital Risk Adequacy Ratio stands at (-) 17.58% as on June 30, 2026, below minimum RBI requirement of 15%.
10. Segment Reporting: Only one business segment of financing, so no reportable segments as per Ind AS 108.
11. Loan Transfers: No stressed loans transferred during the quarter under RBI transfer guidelines.
Auditor's Emphasis of Matter
Auditors highlighted:
1. IFCI Group consolidation approval
2. Interest income recognition and write-off on stage 3 assets
3. Subsidiary valuation based on March 2026 statements
4. Negative CRAR below RBI requirements
5. Provisioning differential between RBI norms and Ind AS 109