Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has reported results for first quarter ended June 30, 2014.

The company’s net profit has surged by 20.86% at Rs 1448.26 crore as compared to Rs 1198.24 crore for the quarter ended June 30, 2013. Its total income has increased by 18.07% to Rs 5923.90 crore for the quarter under review from Rs 5017.10 crore for the corresponding quarter of the previous year.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.