IIFCL Reports Remarkable Growth in Profits for Fifth Consecutive Year

India Infrastructure Finance Company Limited (IIFCL) announced a significant 39% rise in net profit, totaling Rs 2,165 crore for the fiscal year ending March 2025. This growth, spurred by improved core income, marks the fifth consecutive year of record-breaking financial performance for the state-owned infrastructure finance entity.

PR Jaishankar, IIFCL's managing director, highlighted the company's all-time high Profit Before Tax (PBT) of Rs 2,776 crore, a 37% improvement from the previous year. This success, alongside a 15% increase in the company's net worth, enhances IIFCL's lending capacity for infrastructure projects.

IIFCL plans to sustain its growth trajectory by raising over Rs 30,000 crore in funds this financial year. The firm also reported a decrease in gross Non-Performing Assets (NPAs) and an improvement in asset ratings, underscoring advancements in asset quality and financial health.

(With inputs from agencies.)