Power Finance Corporation Ltd.
3.65 (0.98%) Power Finance Corporation reports 23% rise in Q2 net profit
Date: 09-11-2013Power Finance Corporation has reported results for the second quarter ended September 30, 2013.
The company has reported 22.89% rise in its net profit at Rs 1273.79 crore for the quarter as compared to Rs 1036.49 crore for the same quarter in the previous year. Total income of the company has increased by 27.34% at Rs 5336.96 crore for quarter under review as compared to Rs 4191.16 crore for the quarter ended September 30, 2012.
Power Finance Corporation 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.