Power Finance Corporation Ltd.

BSE: 532810 | NSE: PFC
Large Cap | Finance Term Lending
375.45
3.65 (0.98%)
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Power Finance Corporation’s Q2 net profit surges by 11%

Date: 31-10-2014

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

The company has registered 10.58% rise in its net profit at Rs 1408.58 crore for the quarter under review as compared to Rs 1273.79 crore for the same quarter in the previous year. Total income of the company increased by 18.21% at Rs 6309.05 crore for Q2FY15 as compared Rs 5336.96 crore for the corresponding quarter 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.