PFC gains on Q3 numbers, interim dividend

Net profit for the quarter was up 37% at Rs 1,534 cr, board declares Rs 8.80/share interim dividend

Shares of Power Finance Corporation were up over 2% at Rs 141 after net profit for the quarter ended December 2013 surged 37% to Rs 1,534 crore from Rs 1,117 crore in the corresponding quarter last fiscal.

Total income from operations during the third quarter rose 24% to Rs 5,539 crore from Rs 4,465 crore in the quarter ended December 2012.

Further, board of directors at its meeting held on February 04, 2014, declared and approved the payment of interim dividend of Rs. 8.80/- per share on the face value of the paid-up equity shares of Rs. 10/- each for the Financial Year 2013-14.