IIFCL net profit soars 39% to record of ₹2,165 crore in FY'25

India Infrastructure Finance Company Limited (IIFCL) on Thursday reported a 39% jump in net profit to ₹2,165 crore for the fiscal ended in March 2025 on account of improvement in core income.

The state-owned infrastructure finance company had earned a net profit of ₹1,552 crore in the previous fiscal.

The company recorded its all-time high performance, for the fifth year in a row, with a record Profit Before Tax (PBT) of ₹2,776 crore, recording a growth of 37% over the previous year’s PBT of ₹2,029 crore, IIFCL managing director PR Jaishankar said while announcing annual financial numbers.

The net profit rose by 39% to ₹2,165 crore in 2024-25 compared to ₹1,552 crore in 2023-24, and a 42-time increase over 2019-2020, he said.

The company continued to add value as its net worth rose by 15% to ₹16,395 crore in FY25 from ₹14,266 crore in the preceding fiscal, thereby increasing capacity for IIFCL to lend more to infrastructure projects with higher exposure limits.

During the year, he said, the company posted record performance with the highest-ever sanctions and disbursements at ₹51,124 crore and ₹28,501 crore, respectively.

The cumulative sanctions and disbursements stood at ₹3.06 lakh crore and ₹1.56 lakh crore, respectively, as of March 31, 2025.

To fund business growth, he said the company plans to raise over ₹30,000 crore during the current financial year.

Regarding asset quality, Jaishankar said IIFCL has brought down gross Non-Performing Assets (NPAs) to 1.11% from 1.61% a year ago. The net NPA of the company also declined to 0.35% from 0.46% in the year-ago period.

The proportion of IIFCL’s assets externally rated ‘A’ and above increased to 93% as of March 31, 2025, up from 88% as of March 2024 and 43% in March 2020, indicating continuous improvement in the quality of the company's assets, he said.

IIFCL’s Capital to Risk-weighted Assets (CRAR) stood at 23.44%, much above the regulatory norms, as of March 31, 2025, Jaishankar said.

The company recorded 37% in its standalone portfolio to ₹69,904 crore in FY'25 from ₹51,017 crore in the previous year.

To boost the availability of longer-tenor debt finance for infrastructure projects, IIFCL ventured into investment in Infrastructure Bonds and InvITs in FY'22, he said, adding that the company has recorded a substantial increase in the investments in Bonds and InvITs with ₹29,102 crore and ₹14,220 crore respectively, till March 31, 2025.