Power Finance Corporation posts 33% rise in Q2 net

Power Finance Corporation today posted a 33% rise in net profit at Rs 1,084 crore for the quarter ended September 30, PFC chairman and managing director Satnam Singh said.

State-run Power Finance Corporation on Friday posted a 33% rise in net profit at Rs 1,084 crore for the quarter ended September 30, against a net profit of Rs 812 crore in the corresponding period of the last financial year, PFC chairman and managing director Satnam Singh said.

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The total income of the company rose to Rs 4,190 crore during the second quarter from July-September, from Rs 3,150 crore in the same period of the last financial year.

The shares of the company closed down 1.81% at Rs 186.90 on the Bombay Stock Exchange.