 "PFC Q1 net profit up 9% at Rs 1,576 crore")
The net profit during the corresponding quarter of the previous fiscal was Rs 1,448.26 crore, Power Finance Corporation (PFC) said in a regulatory filing.
The total income of the company was at Rs 6,755.39 crore, registering an increase of 15.3 per cent.
Also Read
Total expenses during the quarter increased to Rs 4,465.77 crore, over Rs 3,857.75 crore in the year-ago period.
The loan assets increased by 13 per cent to Rs 2,21,333 crore from 1,95,191 crore in the year-ago period, PFC said.
"Net worth (Share Capital + All Reserves) increased by 17 per cent to Rs 33,721 crore from Rs 28,917 crore," said an investor's presentation.
The shares of the company closed at Rs 243.45 apiece on BSE, up 1.76 per cent from the previous close.
PFC is engaged in funding of various power projects in generation, transmission, and distribution sectors.
Government's 5 per cent stake sale in power sector lender PFC recently was lapped up by investors, fetching about Rs 1,600 crore to the exchequer.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%