Power Finance Corporation Ltd.
-2.95 (-0.79%) Power Finance Corporation reports 9% rise in Q1 net profit
Date: 14-08-2015Power Finance Corporation has reported results for first quarter ended June 30, 2015.
The company has reported 8.83% rise in its net profit at Rs 1576.21 crore for the quarter ended June 30, 2015 as compared to Rs 1448.26 crore for the same quarter in the previous year. The company’s total income has increased by 15.31% to Rs 6759.16 crore for the quarter under review from Rs 5861.78 crore for the corresponding quarter of the previous year.
Power Finance Corporation 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.