Power Finance Corporation standalone net profit declines 32.23% in the March 2020 quarter

Sales rise 24.16% to Rs 9552.38 crore

Net profit of Power Finance Corporation declined 32.23% to Rs 1435.00 crore in the quarter ended March 2020 as against Rs 2117.56 crore during the previous quarter ended March 2019. Sales rose 24.16% to Rs 9552.38 crore in the quarter ended March 2020 as against Rs 7693.34 crore during the previous quarter ended March 2019.

For the full year,net profit declined 18.67% to Rs 5655.14 crore in the year ended March 2020 as against Rs 6952.92 crore during the previous year ended March 2019. Sales rose 16.05% to Rs 33362.90 crore in the year ended March 2020 as against Rs 28748.73 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales9552.387693.34 24 33362.9028748.73 16 OPM %80.41102.61 -90.06100.15 - PBDT2130.712917.94 -27 8201.649821.93 -16 PBT2127.812916.00 -27 8192.549815.79 -17 NP1435.002117.56 -32 5655.146952.92 -19

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