Power Finance Q1 net up 17.5%

State-run Power Finance Corporation today announced a net profit of Rs 652.35 crore for the first quarter ended June 30, a jump of 17.55 per cent over the corresponding period a year ago.

The company's net profit was Rs 554.91 crore in the June quarter last year, the company said in a filing to Bombay Stock Exchange.

During the April-June quarter, the total income rose to Rs 2,417.54 crore as against Rs 1,892.92 crore in the same quarter a-year ago.

Shares of PFC were trading at Rs 317.40, down 2.92 per cent on BSE at 1400 hrs.