Power Finance Corporation Ltd.

Power Finance Corporation has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 18.42% rise in its net profit at Rs 4,135.45 crore for the quarter under review as compared to Rs 3,492.27 crore for the same quarter in the previous year. Total income of the company increased by 20.25% at Rs 12,249.10 crore for Q4FY24 as compared Rs 10,186.23 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 23.30% rise in its net profit at Rs 7,556.43 crore for fourth quarter ended March 31, 2024 as compared to Rs 6,128.63 crore for the same quarter in the previous year. Total income of the company increased by 20.44% at Rs 24,176.34 crore for Q4FY24 as compared Rs 20,074.11 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 23.80% rise in its net profit at Rs 14,367.02 crore as compared to Rs 11605.47 crore for the previous year. Total income of the company increased by 16.05% at Rs 46031.10 crore for year under review as compared to Rs 39665.63 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 24.94% rise in its net profit at Rs 26,461.18 crore as compared to Rs 21,178.59 crore for the previous year. Total income of the company increased by 17.46% at Rs 91,174.87 crore for year under review as compared to Rs 77,625.19 crore for year ended March 31, 2023.