Power Finance Corporation Ltd.

Power Finance Corporation has reported results for the fourth quarter and year ended March 31, 2019. 

The company has reported over 2-fold jump in its net profit at Rs 2,117.56 crore for the quarter ended March 31, 2019 as compared to Rs 796.35 crore for the same quarter in the previous year. Total income of the company increased by 23.14% at Rs 7,702.64 crore for quarter under review as compared to Rs 6,254.96 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the company has posted a rise of 58.50% in its net profit at Rs 6,952.92 crore as compared to Rs 4,386.77 crore for the previous year. Total income of company increased 11.05% at Rs 28,851.29 crore for year under review as compared to Rs 25,980.25 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 43.69% in its net profit at Rs 12,640.27 crore as compared to Rs 8,796.69 crore for the previous year. Total income of company increased by 11.33% at Rs 54,156.83 crore for year under review as compared to Rs 48,645.42 crore for year ended March 31, 2018.