Home > companies > company-results > PFC Q3 profit dips 18% at Rs1,604 crore

New Delhi: State-run Power Finance Corporation (PFC) standalone net profit dipped 17.7% at Rs1,604.43 crore for the quarter ended December 2017.

The company’s standalone net profit was Rs1,949.91 crore in the quarter ended on December 2016, the PFC said in a BSE filing on Monday. The total income of the company was down at Rs6,320.59 crore in the quarter from Rs7,063.08 crore a year-ago. Its standalone net profit in April-December was Rs4,919.62 crore compared to Rs5535.88 crore in same period year ago.

Total income in the nine month period was Rs20,361.06 crore compared to Rs21,221.50 crore a year-ago. The company’s gross non-performing assets (NPA) or bad loans as on December was Rs14,978.78 crore.

The company made a provision of Rs478.25 crore NPAs in the quarter ended on 31 December 2017 compared to Rs51.19 crore previous fiscal. Similarly it provided bad loan provision of Rs1,316.80 crore for April-December period this fiscal compared to Rs475.50 crore.

Subscribe to newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaper Livemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

My Reads Logout