Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has reported results for second quarter ended September 30, 2016.  

The company has reported 10.51% rise in its net profit at Rs 1873.42 crore for the quarter under review as compared to Rs 1695.30 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.35% at Rs 6999.76 crore for the quarter under review as compared Rs 7024.12 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.