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PFC Q1 net profit rises by 9% to Rs. 1,576.21 cr

By Religare
|

Power Finance Corporation (PFC), engaged in Power Sector financing and development of the power and associated sectors announced that it has posted an 8.8 per cent rise in standalone net profit at Rs. 1,576.21 crore in the first quarter to June 30, 2015 as against a net profit at Rs. 1,448.26 crore in the first quarter to June 30, 2014 as a result of a surge revenues.

The total income of the company which provides a range of financial products and services, such as Project Term Loan, Equipment Lease Financing, among others rose by 15.3 per cent at Rs. 6,755.39 crore during the period under review.

 

The total expenses of the firm also rose by per cent to Rs. 4,465.77 crore during the period under consideration as against Rs. 3,857.75 crore in the year-ago period.

The loan assets increased by 13 per cent to Rs. 2,21,333 crore during the period under review as compared to 1,95,191 crore in the year-ago period.

Story first published: Monday, August 17, 2015, 9:40 [IST]
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