Mumbai:Power Finance Corp. Ltd (PFC) said fourth-quarter profit rose 33% after higher loan disbursals.
Net income climbed to Rs391 crore in the three months ended 31 March from Rs295 crore a year earlier, the New Delhi-based firm said in a statement.
The company plans to borrow Rs23,000 crore during the financial year ending March 2010, chairman Satnam Singh told reporters in Mumbai on Friday.
Loan approvals may increase 15% to Rs58,100 crore, PFC had said on 31 March. The company aims to disburse Rs21,160 crore of loans during the year.