Funding

Need one-month extension to declare Sept quarter earnings: IFCI

Infrastructure term lender IFCI Monday said the company needs extension of one month for approval of second quarter results for the current financial year.

In the first quarter ended June 2018-19 too, the company had released its quarterly earning after a one-month extension period. IFCI said the company is required to comply with the Indian Accounting Standards (Ind-AS) in preparation of the financial statements with effect from April 1, 2018. The financial results for the quarter ended September 30, 2018, would be submitted on or before December 14, 2018, it said the filing. It had announced its first quarter results on September 8.

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