Wednesday 5 February 2014

Power Finance Corporation reports 37% jump in Q3 net profit

Power Finance Corporation has reported results for third quarter ended December 31, 2013.

The company has reported 37.34% rise in its net profit at Rs 1534.31 crore for the quarter, as compared to Rs 1117.10 crore for the same quarter in the previous year. Total income of the company increased by 24.20% at Rs 5547.31 crore for quarter under review as compared to Rs 4466.19 crore for the quarter ended December 31, 2012.

Power Finance Corporation provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.

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