State-owned Power Finance Corporation (PFC) today announced a net profit of Rs 701 crore for the quarter ended September 30, a jump of about 10 per cent over the same period last year.
The company had posted a net profit of Rs 638 crore for the quarter ended September 30, 2009, Power Finance Corp informed the Bombay Stock Exchange (BSE).
Total income of the company grew 24 per cent to Rs 2,538 crore, from Rs 2,064 crore in the corresponding period last fiscal.
PFC sanctioned loans worth about Rs 17,000 crore during the period to a basket of power projects in country.
Shares of the company were trading at Rs 371.25, down 0.88 per cent on the BSE.
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