Power Finance Corporation Ltd.
-3.80 (-1.01%) Power Finance Corporation reports 3% rise in Q3 net profit
Date: 09-02-2016Power Finance Corporation has reported results for third quarter ended December 31, 2015.
The company has reported 2.63% rise in its net profit at Rs 1582.32 crore for the quarter ended December 31, 2015 as compared to Rs 1541.73 crore for the same quarter in the previous year. The company’s total income has increased by 9.65% to Rs 6994.00 crore for the quarter under review from Rs 6378.22 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.