Maharatna CPSE Power Finance declares 3rd Interim Dividend, Q3 PAT up 7%

The company said in a stock exchange filing that the board of directors approved the declaration of third interim dividend at the rate of Rs 3.50 (rupees three paise fifty) per equity share (subject to deduction of TDS) on the face value paid up. Is. -up equity share 10/- each for the financial year 2022-23. Further, it is informed that for the purpose of ascertaining the eligibility of the shareholders for payment of 3rd Interim Dividend for the financial year 2022-23, Friday, February 24, 2023 shall be considered as the ‘Record Date’. The date of payment/remittance of the above interim dividend shall be on or before March 14, 2023.”

Firm reported net profit 5,241.10 crore on a consolidated basis, up from Rs. 4,893.91 crore in Q3FY22 or up 7% year-on-year. Net income of the company for the quarter under review 19,662.65 crore from 19,213.69 crore in the same quarter last year. Company’s Net Interest Income (NII) declined by 7.1% YoY 7,218.6 crore in Q3FY23 from 7,773.2 crore in Q3FY22.

consolidated loan asset book was 8,04,526 crores. As against 9M’22 (April-December 2021), the total consolidated disbursements for the first nine months of FY23 (April-December 2022) were 1,06,875 crore, a growth of 28%. Power Finance Corporation’s EPS reached as against 14.62 in Q3FY23 13.56 in Q3FY22.

Power Finance Corporation shares closed today on NSE 143.75 each level, up 1.70% from previous close 141.35. The stock recorded a total NSE + BSE average volume of 2,445,114 shares and an average delivery volume of 87,999,653 shares. At today’s close, the stock was seen trading below 20, 50, 100 and 200 days Simple Moving Averages (SMA).