IFCI has allotted 2000 Non-Convertible Bonds of face value of Rs. 10 lakh each aggregating Rs 200 crore on private placement basis on 29 June 2020.

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Net Loss of IFCI reported to Rs 589.68 crore in the quarter ended March 2020 as against net loss of Rs 37.66 crore during the previous quarter ended March 2019. Sales rose 64.97% to Rs 748.89 crore in the quarter ended March 2020 as against Rs 453.95 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 277.88 crore in the year ended March 2020 as against net loss of Rs 443.83 crore during the previous year ended March 2019. Sales rose 4.10% to Rs 2245.57 crore in the year ended March 2020 as against Rs 2157.23 crore during the previous year ended March 2019.

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Net Loss of IFCI reported to Rs 572.82 crore in the quarter ended March 2020 as against net loss of Rs 79.62 crore during the previous quarter ended March 2019. Sales rose 44.31% to Rs 931.82 crore in the quarter ended March 2020 as against Rs 645.70 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 230.44 crore in the year ended March 2020 as against net loss of Rs 488.67 crore during the previous year ended March 2019. Sales rose 1.86% to Rs 2873.90 crore in the year ended March 2020 as against Rs 2821.45 crore during the previous year ended March 2019.

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IFCI has received reaffirmation in credit ratings from Brickwork Ratings and has been assigned fresh rating for the Long-term Bond / NCD Programme as follows -

Long Term Debt Instrument NCD - BWR BBB+/ Negative (Re-affirmed rating)
Secured NCD - BWR A+(CE)/ Negative (Re-affirmed rating)
Commercial Paper - BWR A2+ (Re-affirmed rating)
Proposed NCD - BWR BBB+/ Negative (Fresh rating)

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