Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Results | PFC net profit rises 33% in fourth quarter
BackBack

Results | PFC net profit rises 33% in fourth quarter

Results | PFC net profit rises 33% in fourth quarter

Premium

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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 18 Apr 2009, 01:28 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App