PFC’s net profit up 32% in 4th quarter | business | Hindustan Times
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PFC’s net profit up 32% in 4th quarter

State-owned Power Finance Corporation’s (PFC’s) has recorded an increase in its net profit by 12.3 per cent to touch Rs 1,355 crore for the fiscal 2008-09 as against Rs 1,207 crore during 2007-08.

business Updated: Apr 17, 2009 21:21 IST
HT Correspondent

State-owned Power Finance Corporation’s (PFC’s) has recorded an increase in its net profit by 12.3 per cent to touch Rs 1,355 crore for the fiscal 2008-09 as against Rs 1,207 crore during 2007-08.

Total income of the corporation rose to Rs 6,583 crore as against Rs 5,029 crore during 2007-08.

The company’s net profit for the fourth quarter ending March 31, 2009 rose by 32.2 per cent to Rs 390.6 crore
as against the same period last year.

In a filing to the Bombay Stock Exchange, PFC said it had a net profit of Rs 295.4 crore in the same quarter ended March 2008.

The total income of the company rose to Rs 1,816.9 crore during the March quarter, against Rs 1,365.2 crore in the same period last fiscal.

Shares of PFC were trading at Rs 159.55, up 10.38 per cent on the BSE.