IIFCL's FY24 disbursement surges 62% to Rs 223.56 bn

16 May 2024 CW Team

During a post-earnings press conference, Padmanabhan Raja Jaishankar, the Managing Director of IIFCL, stated that the proportion of completed and operational assets had been steadily growing. He noted that this asset class had now gained recognition as an investment opportunity for various categories of investors, both domestic and global, particularly attracting global investors.

The non-banking finance company also reported a robust increase in loan sanctions for the previous financial year, reaching Rs 423.09 billion, a 45% rise year-on-year. By March 31, 2024, cumulative sanctions had reached Rs 2.55 trillion.

The significant growth in both loan sanctions and disbursements had a positive impact on the company's financial performance, with the profit after tax for 2023-24 standing at Rs 15.52 billion, up by 44% from the previous year.

The expansion of the company's loan book was paralleled by the growth of quality assets, resulting in a decline in the gross non-performing asset ratio to 1.61% as of March 31, 2024, down from 4.76% in the previous year and significantly lower than the 19.70% recorded in March 2020.

Jaishankar emphasised the company's commitment to growth coupled with maintaining quality standards, stating, "We have always maintained that we have to grow, but grow with quality."

Furthermore, the proportion of IIFCL's assets rated ?A? and above saw an increase to 88% as of March 31, 2024, up from 72% in March 2023 and 43% in March 2020.

The state-owned India Infrastructure Finance Company announced a disbursement of Rs 223.56 billion in the fiscal year 2023-24 (April-March), marking a 62% increase compared to the previous year. This surge indicated a heightened demand for longer tenure financing within the infrastructure sector. As of March 2024, the cumulative disbursement on a consolidated basis amounted to about Rs 1.48 trillion. During a post-earnings press conference, Padmanabhan Raja Jaishankar, the Managing Director of IIFCL, stated that the proportion of completed and operational assets had been steadily growing. He noted that this asset class had now gained recognition as an investment opportunity for various categories of investors, both domestic and global, particularly attracting global investors. The non-banking finance company also reported a robust increase in loan sanctions for the previous financial year, reaching Rs 423.09 billion, a 45% rise year-on-year. By March 31, 2024, cumulative sanctions had reached Rs 2.55 trillion. The significant growth in both loan sanctions and disbursements had a positive impact on the company's financial performance, with the profit after tax for 2023-24 standing at Rs 15.52 billion, up by 44% from the previous year. The expansion of the company's loan book was paralleled by the growth of quality assets, resulting in a decline in the gross non-performing asset ratio to 1.61% as of March 31, 2024, down from 4.76% in the previous year and significantly lower than the 19.70% recorded in March 2020. Jaishankar emphasised the company's commitment to growth coupled with maintaining quality standards, stating, We have always maintained that we have to grow, but grow with quality. Furthermore, the proportion of IIFCL's assets rated ?A? and above saw an increase to 88% as of March 31, 2024, up from 72% in March 2023 and 43% in March 2020.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..