Power Finance Corporation’s third quarter net profit up 23.5%

During the corresponding period of the previous financial year (FY21), the company had reported a net profit of 3,963.18 crore.

Its revenue from operations during the quarter under review was 19,175.75 crore, up 4% from 18,434.88 crores were reported in the third quarter of FY 2011.

For the nine months ended December, the company reported a 23% increase in its consolidated net profit 14,483 crore, as compared to 11,810 crore in April-December FY21. Its operating revenue grew 7% year-on-year basis during April-December FY22 57,409 crores.

PFC’s net interest income up 16% during April-December FY 2011 22,843 crore from 19,678 crore during the corresponding period of the previous financial year.