IFCI

FCI reported net profit of Rs 668.43 crore in the quarter ended March 2007 as against net loss of Rs 1.11 crore during the previous quarter ended March 2006. Sales rose 40.60% to Rs 1052.62 crore in the quarter ended March 2007 as against Rs 748.68 crore during the previous quarter ended March 2006.

For the full year, net profit reported at Rs 898.02 crore in the year ended March 2007 as against net loss of Rs 178.10 crore during the previous year ended March 2006. Sales rose 20.91% to Rs 1989.73 crore in the year ended March 2007 as against Rs 1645.69 crore during the previous year ended March 2006.

IFCI Ltd has informed BSE that the Board of Directors of the Company has passed an enabling Resolution to increase the FII / FDI holding limit in the Company upto 74% of equity capital, subject to the approval of shareholders, RBI, SEBI and all other Government / regulatory approvals, if applicable.