Power Finance Corporation Ltd.
-2.95 (-0.79%) Power Finance Corporation reports 20% rise in Q2 net profit
Date: 03-11-2015Power Finance Corporation has reported results for second quarter ended September 30, 2015.
The company has reported 20.36% rise in its net profit at Rs 1695.30 crore for the quarter ended September 30, 2015 as compared to Rs 1408.58 crore for the same quarter in the previous year. The total income of the company has increased by 12.47% at Rs 7024.09 crore for the quarter under review as compared to Rs 6245.31 crore in 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.