- by Stocktry Expert
- 13th Feb 2021
Q3 Results of Power Finance Corporation : Net Profit Up 17%
Power Finance Corporation Ltd is a leading power sector public financial institution and a non-banking financial company providing fund and non-fund based support for the development of the Indian power sector.
On Thursday, State-run Power Finance Corporation (PFC) posted a 17 percent jump in its consolidated net profit at Rs 3,963.18 crore for the quarter ended in December. The consolidated net profit of the firm was at Rs 3,386.72 crore in the year-ago period, a BSE filing said.
The firm's total income rose to Rs 18,441.72 crore in the quarter under consideration from Rs 15,878.04 crore in the same period a year ago.
The company said that there will not be a significant impact of pandemic in continuing its business operations, in maintaining its financial position and in assessing its ability to continue as a going concern.