Home >companies >Power Finance Corp. Q1 profit up 21% at Rs1,448 crore

Mumbai: State-run Power Finance Corp. Ltd on Thursday reported a 21% increase in net profit to 1,448 crore in the fiscal first quarter from a year earlier.

Total income rose 18% to 5,924 crore in the three months ended June from 5,017 crore a year ago.

Net interest income rose to 2,291 crore in the quarter, up 17% from the year-ago period.

The lender to power sector projects approved fresh loans of 5,329 crore in the June quarter, it said in a statement.

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