Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 has increased by 5.19% at Rs 686.19 crore as compared to Rs 652.36 crore for the corresponding quarter last year. Its total income has grown by 20.95% at Rs 2924.13 crore for the quarter under review from Rs 2417.55 crore for the same quarter last 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.