Power Finance Corp Q4 net up by 35%
Power Finance Corp (PFC) on Tuesday said its net profit for the fourth quarter ended March 31 increased by 35% on increased interest income.
By Sarita C Singh, ET Bureau | Updated:
NEW DELHI: State-run Power Finance Corp ( PFC) on Tuesday said its net profit for the fourth quarter ended March 31 increased by 35% on increased interest income.
The company reported a net profit of Rs 818 crore during the fourth quarter against Rs 608 crore in the corresponding period a year ago.
PFC loan assets increased by 31% in the quarter to Rs 130000 crore from Rs 99500 crore in year ago period.
The company net income rose 40% to Rs 3684 crore in fourth quarter of fiscal 2012 against Rs 2623 crore of same quarter previous fiscal.
The company reported a net profit of Rs 818 crore during the fourth quarter against Rs 608 crore in the corresponding period a year ago.
PFC loan assets increased by 31% in the quarter to Rs 130000 crore from Rs 99500 crore in year ago period.
The company net income rose 40% to Rs 3684 crore in fourth quarter of fiscal 2012 against Rs 2623 crore of same quarter previous fiscal.
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