Power Finance Corporation Ltd.

Power Finance Corporation has reported results for fourth quarter and year ended March 31, 2021.

The company has reported 62.13% rise in its net profit from continuing operations at Rs 2326.61 crore for the quarter under review as compared to Rs 1435.00 crore for the same quarter in the previous year. Total income of the company marginally increased by 1.28% at Rs 9674.42 crore for Q4FY21 as compared Rs 9552.58 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported above 5- fold jump in its net profit from continuing operations at Rs 3906.05 crore for the quarter under review as compared to Rs 693.71 crore for the same quarter in the previous year. Total income of the company increased by 11.69% at Rs 18155.14 crore for Q4FY21 as compared Rs 16254.65 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported rise of 49.32% in its net profit at Rs 8444.01 crore as compared to Rs 5655.14 crore for the previous year. Total income of the company increased by 13.17% at Rs 37766.57 crore for year under review as compared to Rs 33371.06 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported rise of 65.83% in its net profit from continuing operations at Rs 15716.20 crore as compared to Rs 9477.25 crore for the previous year. Total income of the company increased by 15.13% at Rs 71700.51 crore for year under review as compared to Rs 62275.36 crore for year ended March 31, 2020.