Power Finance Corporation Ltd.

BSE: 532810 | NSE: PFC
Large Cap | Finance Term Lending
375.45
3.65 (0.98%)
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Power Finance Corporation’s Q2 net rises 147%

Date: 09-11-2012

Power Finance Corporation (PFC) has reported results for second quarter ended September 30, 2012.

The company has reported 147.17% rise in its net profit at Rs 1036.49 crore for the quarter ended September 30, 2012 as compared to Rs 419.34 crore for the same quarter in the previous year. Total income of the company has increased by 33.26% at Rs 4191.16 crore for quarter under review as compared to Rs 3145.06 crore for the quarter ended September 30, 2011.

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.