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12-Feb2019

Power Finance Corporation rises on reporting 71% rise in Q3 net profit

Power Finance Corporation is currently trading at Rs. 100.65, up by 0.90 points or 0.90% from its previous closing of Rs. 99.75 on the BSE.

The scrip opened at Rs. 100.65 and has touched a high and low of Rs. 101.55 and Rs. 99.40 respectively. So far 224941 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.50 on 14-Feb-2018 and a 52 week low of Rs. 67.60 on 17-Jul-2018.

Last one week high and low of the scrip stood at Rs. 105.70 and Rs. 98.15 respectively. The current market cap of the company is Rs. 26414.01 crore.

The promoters holding in the company stood at 61.48%, while Institutions and Non-Institutions held 32.19% and 6.32% respectively.

Power Finance Corporation (PFC) has reported a rise of 70.58% in its net profit at Rs 2,075.84 crore for the quarter ended December 31, 2018 as compared to Rs 1,216.94 crore for the same quarter in the previous year. Total income of the company increased by 17.87% at Rs 7,363.89 crore for Q3FY19 as compared Rs 6,247.62 crore for the corresponding quarter previous year.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.


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