Power Finance Corporation Ltd.

BSE: 532810 | NSE: PFC
Large Cap | Finance Term Lending
360.45
-11.20 (-3.01%)
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Power Finance Corporation reports 71% rise in Q3 net profit

Date: 11-02-2019

Power Finance Corporation (PFC) has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 70.58% in its net profit at Rs 2,075.84 crore for the quarter under review as compared to Rs 1,216.94 crore for the same quarter in the previous year. Total income of the company increased by 17.87% at Rs 7,363.89 crore for Q3FY19 as compared Rs 6,247.62 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.