Power Finance Corporation Delivers Strong Q2 FY2023-2024 Results
The total income of the company also witnessed a significant upswing, reaching Rs 22,403.69 crore in the quarter.
New Delhi: State-owned Power Finance Corporation (PFC) offered a commendable financial performance in the second quarter of the fiscal year 2023-2024. The company reported a substantial 27% rise in its consolidated net profit, amounting to Rs 6,628.17 crore in the July-September quarter, as compared to the corresponding period last year.
The total income of the company also witnessed a significant upswing, reaching Rs 22,403.69 crore in the quarter. This was a testament to the company's robust financial health and its capability to generate substantial revenue.
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In terms of asset management, the consolidated Loan Asset Book of PFC reached an impressive figure of Rs 9,23,724 crore. This marked a noteworthy 20% surge compared to the previous year, showcasing the company's efficient asset management and growth trajectory.
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Adding to the list of achievements, PFC declared an interim dividend of Rs 4.50 per share, a move that is likely to satisfy its shareholders. This decision underscores the company's commitment to sharing its success with its investors.
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