IL&FS Investment Managers, private equity arm of IL&FS group, Wednesday reported a 24 per cent decline in net profit to Rs 5.21 crore for the third quarter ended December 2018.
The company, which is part of debt-ridden IL&FS group, had registered a Rs 6.84 crore net profit in the corresponding quarter of 2017-18.
The total income rose to Rs 17.7 crore during the quarter, compared with Rs 17.5 crore in the corresponding period a year ago, IL&FS Investment Managers said in a regulatory filing.
The Ministry of Corporate Affairs (MCA) has initiated investigation through Serious Fraud Investigation Office (SFIO) against Infrastructure Leasing & Financial Services Ltd (IL&FS), the holding company, and its subsidiaries, it said.
As part of its investigation, SFIO has been seeking information from the company on an ongoing basis, it said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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