Power Finance Corp Sept qtr profit at Rs 1,274 crore
Total expenses in the latest September stood at Rs 3,547.27 crore as against Rs 2,756.88 crore in the three months ended September 2012
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State-owned Power Finance Corp today posted nearly 23% jump in net profit at Rs 1,273.79 crore for the three months ended September.
The company, a key lender for the power sector, had a net profit of Rs 1,036.49 crore in the year-ago period.
In the second quarter of current fiscal (July-September period), Power Finance Corp saw its total income climb to Rs 5,336.96 crore, according to a regulatory filing.
The entity had reported a total income of Rs 4,191.16 crore in the same period a year ago.
Total expenses in the latest September stood at Rs 3,547.27 crore as against Rs 2,756.88 crore in the three months ended September 2012.
Shares of the company rose one% to close at Rs 144.95 on the BSE today.
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First Published: Nov 08 2013 | 5:09 PM IST