Power Finance surges on reporting 35% jump in Q4 net profit

Power Finance Corporation is currently trading at Rs. 149.90, up by 1.70 points or 1.15% from its previous closing of Rs. 148.20 on the BSE.

The scrip opened at Rs. 152.00 and has touched a high and low of Rs. 153.90 and Rs. 148.35 respectively. So far 707656 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 223.80 on 17-Feb-2012 and a 52 week low of Rs. 130.20 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 153.90 and Rs. 139.00 respectively. The current market cap of the company is Rs. 19693.38 crore.

The promoters holding in the company stood at 73.72% while Institutions and Non-Institutions held 18.59% and 7.68% respectively.

Power Finance Corporation has reported a rise of 34.69% in its net profit at Rs 818.30 crore for the quarter ended March 31 as against Rs 607.53 crore in the corresponding period last year. The total income from operations during the fourth quarter has increased by 40.44% to Rs 3,684.29 crore from Rs 2,623.42 crore in the year-ago period.

For the full year 2011-12, the company’s net profit went up by 15.73% to Rs 3,031.74 crore from Rs 2,619.58 crore in the previous fiscal. The total income from operations during FY12 rose by 28.31% to Rs 13,037.11 crore from Rs 10,160.56 crore in FY'11.

On the consolidated basis, the company’s full year net profit rises by 15.55% to Rs 3058.85 crore from Rs 2647.12 crore in the previous fiscal. The consolidated total income from operations during FY12 jumped 28.22% to Rs 13,096.02 crore from Rs 10,214.10 crore in FY'11.