Power Finance Corporation declares fourth quarter results

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Power Finance Corporation declares fourth quarter results
Power Finance Corporation Ltd. has posted its results for the fourth quarter ending March 2011. The company has registered an increase in its income from operations by 25.83 per cent, amounting to Rs. 261,734.80 lakh in the quarter ended March 2011 as compared to Rs 207,994.24 lakh in the corresponding quarter last year. The company has recorded increase in net profit at Rs 60,674.98 lakh in the quarter ended March 2011 from Rs 60,077.48 lakh in the quarter ended March 2010.

The other income of the company decreased to Rs 6,06.83 lakh from Rs. 2,766.88 lakh in the quarter ended March 2010. The paid up equity share capital of the company in the quarter ended March 2011 amounted to Rs. 114,776.67 lakh.

While, the company has posted a net profit of Rs 2,61,879.42 lakh for the year ended March 31, 2011 as compared to Rs 235724.51 lakh for the year ended March 31, 2010. Total Income has increased from Rs 8,07,684.62 lakh for the year ended March 31, 2010 to Rs 10,16,055.78 lakh for the year ended March 31, 2011.

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