Latest News | Power Finance Corp Net Profit Rises 44 Pc to Rs 6,128 Cr in March Quarter
Get latest articles and stories on Latest News at LatestLY. State-owned Power Finance Corporation (PFC) on Saturday posted an over 44 per cent jump in its consolidated net profit to Rs 6,128.63 crore in March quarter, mainly on the back of higher revenues.
New Delhi, May 27 (PTI) State-owned Power Finance Corporation (PFC) on Saturday posted an over 44 per cent jump in its consolidated net profit to Rs 6,128.63 crore in March quarter, mainly on the back of higher revenues.
The consolidated net profit of the company was Rs 4,295.90 crore in the quarter ended on March 31, 2022, according to a BSE filing.
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Total income in the quarter rose to Rs 20,074.11 crore from Rs 18,873.55 crore in the same period a year ago.
The consolidated net profit of the company in fiscal 2022-23 also increased to Rs 21,178.59 crore from Rs 18,768.21 crore in the previous financial year.
In the fiscal, total income grew to Rs 77,625.19 crore as against Rs 76,344.92 crore in 2021-22.
The company's board has recommended a final dividend Rs 4.50 per equity share on the face value of the paid-up equity shares of Rs 10 per share for FY 2022-23.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)