Power Finance Corp energises Q2 net profit 23% to Rs 1,274 crore
9 Nov 2013 7:50 PM GMT
State-owned Power Finance Corporation (PFC) on Friday posted a nearly 23 per cent jump in net profit to Rs 1,273.79 crore for the three months ended September 2013. The company, a key lender for the power sector, had a net profit of Rs 1,036.49 crore in the year-ago period.
In the second quarter of the current fiscal (July-September period), Power Finance Corp saw its total income climb to Rs 5,336.96 crore, according to a regulatory filing. The entity had reported a total income of Rs 4,191.16 crore in the corresponding period a year ago.
Total expenses in the latest September quarter stood at Rs 3,547.27 crore as against Rs 2,756.88 crore in the three months ended September 2012. Shares of the company rose 1 per cent to close at Rs 144.95 on the Bombay Stock Exchange (BSE) on Friday.
In the second quarter of the current fiscal (July-September period), Power Finance Corp saw its total income climb to Rs 5,336.96 crore, according to a regulatory filing. The entity had reported a total income of Rs 4,191.16 crore in the corresponding period a year ago.
Total expenses in the latest September quarter stood at Rs 3,547.27 crore as against Rs 2,756.88 crore in the three months ended September 2012. Shares of the company rose 1 per cent to close at Rs 144.95 on the Bombay Stock Exchange (BSE) on Friday.
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