PFC Q2 net up 22.5%

PFC Q2 net up 22.5%


Mumbai: State-run Power Finance Corporation on 10 October posted a 22.5% increase in net profit for the second quarter ended 30 September at Rs282.22 crore as against Rs230.35 crore a year ago.

The company’s total income rose 37.95% to Rs1,227.58 crore during the quarter from Rs889.91 crore in the corresponding period last fiscal, PFC said in a filing to the Bombay Stock Exchange.

The company’s shares were trading at Rs209.05, up 1.8%, in the afternoon on BSE.

The power sector lender is a nodal agency for the 4,000-MW ultra mega power projects.