Friday, April 17, 2009

PFC Q4 net profit up 32.2% at Rs 390.6 cr

Power Finance Corporation (PFC) has announced its fourth quarter numbers for the FY09. Its net profit increased by 32.2% to Rs 390.6 crore from Rs 295.4 crore.

The company's total income went up to Rs 1,817 crore versus Rs 1,365.2 crore, YoY.

PFC, in the press conference, said the company reported notional loss of Rs 230 crore in FY09 due to rupee depreciation. The company sanctioned Rs 57,000 crore loans and raised Rs 21,500 crore in FY09, PFC added.

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