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Power Finance Corp Q4 Stand-Alone Profit Up By 58%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Power Finance Corporation Ltd. posted fourth-quarter stand-alone net profit of Rs.1,294.13 crore or Rs.9.80 per share, up by 58 percent from the Rs.818.30 crore or Rs.6.20 per share for the quarter ended March 31, 2012.

Net income from operations for the quarter increased by 26 percent to Rs.4,652.63 crore from the Rs.3,677.98 crore in the year-ago quarter, while other operating income stood at Rs.10.89 crore, compared with Rs.4.95 crore in the year-ago quarter.

For the full year, its stand-alone net profit grew by 46 percent to Rs.4,419.60 crore from the Rs.3,031.74 crore in 2012. Total net income, including other operating income, was Rs.17,260.27 crore, up by 33 percent from the Rs.13,014.85 crore a year-ago.

Consolidated Results

On a consolidated basis, its net profit for the fiscal year rose by 45 percent to Rs.4,437.74 crore from the Rs.3,058.85 crore in 2012. Total net income, including other operating income, grew by 32 percent to Rs.17,302.61 crore from the Rs.13,072.17 crore in FY12.

The company's board recommended a final dividend of Re.1.00 per equity share of Rs.10 each for the fiscal year 2013, to be within 30 days from the date of AGM.

At the BSE, Power Finance Corporation shares are currently trading at Rs.196, up 0.49 percent from the previous close.

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