IFCI fell 2.12% to Rs 46.25 at 10:40 IST on BSE after net profit declined 26.5% to Rs 190.48 crore in Q2 September 2009 over Q2 September 2008.
The company announced the results after market hours on Tuesday, 27 October 2009.
Meanwhile, the BSE Sensex was down 168.79 points, or 1.03%, to 16,171.28.
On BSE, 14.53 lakh shares were traded in the counter as against an average daily volume of 1.06 crore shares in the past one quarter.
The stock hit a high of Rs 46.85 and a low of Rs 45.10 so far during the day. The stock had hit a 52-week high of Rs 61.15 on 9 September 2009 and a 52-week low of Rs 15.25 on 28 November 2008.
The mid-cap stock had underperformed the market over the past one month till 27 October 2009, falling 16.07% as compared to the Sensex's 2.03% fall. It had also underperformed the market in the past one quarter, falling 10.51% as compared to the Sensex's return of 6.36%.
The company's equity capital is Rs 737.84 crore. Face value per share is Rs 10.
The current price of Rs 46.25 discounts the company's Q2 September 2009 annualized EPS of Rs 10.33, by a PE multiple of 4.48.
IFCI's total income fell 14.2% to Rs 514.16 crore in Q2 September 2009 over Q2 September 2008. The company declared the results after market hours on Tuesday, 27 October 2009.
IFCI provides project financing, financial services and comprehensive corporate advisory services. The company also provides equipment finance, equipment credit, equipment leasing, corporate loans, short-term loans and working capital loans to meet the specific needs of corporates.