Power Finance Corporation shines on reporting 23% rise in Q4 consolidated net profit

15 May 2024 Evaluate

Power Finance Corporation is currently trading at Rs. 438.80, up by 17.25 points or 4.09% from its previous closing of Rs. 421.55 on the BSE.

The scrip opened at Rs. 424.05 and has touched a high and low of Rs. 441.45 and Rs. 422.75 respectively. So far 999273 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 485.30 on 03-May-2024 and a 52 week low of Rs. 130.44 on 17-May-2023.

Last one week high and low of the scrip stood at Rs. 441.45 and Rs. 403.00 respectively. The current market cap of the company is Rs. 143471.92 crore.

The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 35.41% and 8.59% respectively.

Power Finance Corporation has reported 18.42% rise in its net profit at Rs 4,135.45 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 3,492.27 crore for the same quarter in the previous year. Total income of the company increased by 20.25% at Rs 12,249.10 crore for Q4FY24 as compared Rs 10,186.23 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 23.30% rise in its net profit at Rs 7,556.43 crore for fourth quarter ended March 31, 2024 as compared to Rs 6,128.63 crore for the same quarter in the previous year. Total income of the company increased by 20.44% at Rs 24,176.34 crore for Q4FY24 as compared Rs 20,074.11 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 23.80% rise in its net profit at Rs 14,367.02 crore as compared to Rs 11605.47 crore for the previous year. Total income of the company increased by 16.05% at Rs 46031.10 crore for year under review as compared to Rs 39665.63 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 24.94% rise in its net profit at Rs 26,461.18 crore as compared to Rs 21,178.59 crore for the previous year. Total income of the company increased by 17.46% at Rs 91,174.87 crore for year under review as compared to Rs 77,625.19 crore for year ended March 31, 2023.


Power Finance Corp Share Price

509.40 -7.90 (-1.53%)
29-May-2024 15:36 View Price Chart
Peers
Company Name CMP
Power Finance Corp 509.40
REC 567.00
Indian Railway Finance 180.25
Satin Creditcare 220.95
MAS Financial Serv 286.75
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.