Power Finance Corporation December Quarter Profit Surges Nearly 24% To Rs 4,893 Crore

The company had reported a consolidated net profit of Rs 3,963.18 crore in the quarter ended December 2020, a BSE filing stated.
The total income in the quarter under review rose to Rs 19,215 crore.
The total income in the quarter under review rose to Rs 19,215 crore.

 Power Finance Corporation (PFC) on Friday posted a nearly 24 per cent rise in its consolidated net profit to Rs 4,893.91 crore for the December quarter, mainly due to higher revenue. 

The company had reported a consolidated net profit of Rs 3,963.18 crore in the quarter ended December 2020, a BSE filing stated. The total income in the quarter under review rose to Rs 19,215 crore from Rs 18,441.72 crore in the year-ago period.

The board in its meeting on Friday approved a third interim dividend of Rs 6 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for 2021-22. 

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