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Power Finance reports 35% jump in Q4 net profit

22 May 2012 Evaluate

Power Finance Corporation has reported a rise of 34.69% in its net profit at Rs 818.30 crore for the quarter ended March 31 as against Rs 607.53 crore in the corresponding period last year. The total income from operations during the fourth quarter has increased by 40.44% to Rs 3,684.29 crore from Rs 2,623.42 crore in the year-ago period.

For the full year 2011-12, the company’s net profit went up by 15.73% to Rs 3,031.74 crore from Rs 2,619.58 crore in the previous fiscal. The total income from operations during FY12 rose by 28.31% to Rs 13,037.11 crore from Rs 10,160.56 crore in FY'11.

On the consolidated basis, the company’s full year net profit rises by 15.55% to Rs 3058.85 crore from Rs 2647.12 crore in the previous fiscal. The consolidated total income from operations during FY12 jumped 28.22% to Rs 13,096.02 crore from Rs 10,214.10 crore in FY'11.

Peers
Company Name CMP
Power Finance Corpn. 348.10
REC 314.00
NHIT 171.00
Satin Creditcare Net 217.40
IFCI 75.08
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