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Power Finance Corp Q4 net dips 19%

Power Finance Corp Q4 net dips 19%
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First Published: Wed, Apr 16 2008. 02 57 PM IST
Updated: Wed, Apr 16 2008. 02 57 PM IST
PTI
Mumbai: Power Finance Corporation (PFC) has reported a net profit of Rs297.32 crore for the quarter ended March 2008 translating into a 19.9% decline over the corresponding quarter a year ago.
The net profit on a stand-alone basis stood at Rs371.22 crore during the recently concluded quarter, the power sector financing company said in a filing to the Bombay Stock Exchange (BSE).
The fall in the net profit comes on the back of a 10.4% jump in the total income at Rs1,366.73 crore in Q4FY08 as compared to the corresponding period last fiscal.
However, on a consolidated basis, PFC’s net profit surged 22.56 per cent to touch Rs1,208.67 crore for the year ended March 2008, as compared to Rs986.13 crore a year ago.
The total income of the group rose to Rs5,039.92 crore from Rs3,927.65 crore last year. The markets took note of the development and the stock at Rs163.4 slipped 0.2% in noon deals.
PFC tapped the primary market in 2007 with a Rs997.19 crore issue priced at Rs85 a share. The shares were listed at Rs113.
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First Published: Wed, Apr 16 2008. 02 57 PM IST