PFC posts 5% rise in Q3 net profit at Rs 1,541.73 cr

Company's total income from operations rose to Rs 6,435 crore in the third quarter of the current fiscal

Press Trust of India New Delhi
Last Updated : Feb 11 2015 | 4:15 PM IST
State-run lender Power Finance Corporation today reported 4.83% rise in net profit at Rs 1,541.73 crore for the third quarter ended December 31, 2014-15, mainly on account of increase in income from operations.

It had reported net profit of Rs 1,534.31 crore in the October-December period of 2013-14 fiscal, PFC said in a filing to the stock exchange.

The company's total income from operations rose to Rs 6,434.65 crore in the third quarter of the current fiscal, as against Rs 5,540.52 crore in the year-ago period.

Also Read

However, PFC's other operating income fell sharply from Rs 199.66 crore to Rs 88 crore.

PFC is engaged in funding of various power projects in generation, transmission, and distribution sectors.

The company's scrip was trading at Rs 282.70, down 0.65%, on the BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 11 2015 | 3:20 PM IST

Next Story