The company announced Q3 results after trading hours on Wednesday, 30 January 2013.
Meanwhile, the BSE Sensex was down 36.81 points or 0.18% at 19,968.19.
On BSE, 1.61 lakh shares were traded in the counter as against average daily volume of 2.06 lakh shares in the past one quarter.
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The stock hit a high of Rs 212.65 and a low of Rs 207.80 so far during the day. The stock had hit a 52-week high of Rs 223.80 on 17 February 2012. The stock had hit a 52-week low of Rs 139 on 16 May 2012.
The stock had underperformed the market over the past one month till 30 January 2013, rising 1.9% compared with the Sensex's 2.88% rise. The scrip had, however, outperformed the market in past one quarter, jumping 16.12% as against Sensex's 8.54% surge.
The large-cap company has equity capital of Rs 1320.01 crore. Face value per share is Rs 10.
Power Finance Corporation's (PFC) net profit rose 1% to Rs 1117 crore on 36% growth in total income to Rs 4466 crore in Q3 December 2012 over Q3 December 2011. Profit before tax and before extra-ordinary items such as translation/actual exchange gain/loss, prior period adjustments and restructuring/prepayment premium etc. jumped 48% to Rs 1557 crore in Q3 December 2012 over Q3 December 2011.
PFC's net interest income jumped 53% to Rs 1677 crore in Q3 December 2012 over Q3 December 2011. Interest spread increased by 93 basis points (bps) to 3.08 in Q3 December 2012 from 2.15% in Q3 December 2011. Sanctions, excluding R-APDRP jumped 45% to 18144 crore in Q3 December 2012 over Q3 December 2011. Disbursements, excluding R-APDRP rose 28% to 12621 crore in Q3 December 2012 over Q3 December 2011.
Gross NPA edged up to 0.92% as on 31 December 2012 from 0.54% as on 31 December 2011. Net NPA edged up to 0.82% as on 31 December 2012 from 0.48% as on 31 December 2011.
The board of directors of the company at its meeting on 30 January 2013 declared and approved the payment of interim dividend at the rate of Rs 6 per share for the year ending 31 March 2013.
Power Finance Corporation (PFC) was incorporated with an objective to provide financial resources and encourage flow of investments to the power and associated sectors. The Government of India (GoI) holds 73.72% stake in PFC (as per the shareholding pattern as on 31 December 2012).
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