Power Finance's second quarter profit up 9.86 per cent | business | Hindustan Times
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Power Finance's second quarter profit up 9.86 per cent

business Updated: Nov 10, 2010 18:35 IST

Power Finance Corporation Limited on Wednesday reported a 9.86 per cent increase in its net profit for the second quarter of the current fiscal, which stood at Rs 7,008.3 million (over $150 million) as against Rs.6,379 million for the like period of the last year.

"The company has posted a net profit of Rs 7,008.374 million for the quarter ended Sep 30, 2010 as compared to Rs 6,379.063 million for the quarter ended Sep 30, 2009," the company said in a regulatory filling to the Bombay Stock Exchange (BSE).

The total income of the company also reported an increase of 24.04 per cent.

"Total income has increased from Rs 20,464.251 million for the quarter ended Sep 30, 2009 to Rs 25,384.298 million for the quarter ended Sep 30, 2010," the statement said.