Feb 03, 2012, 10.12 AM IST

Power Finance Corporation Q3 PAT seen down 22% at Rs 514 cr

Power Finance Corporation is expected to report a profit after tax of Rs 514 crore in the October-December quarter of FY12, degrowth of 22% as compared to Rs 659 crore in the corresponding quarter of last fiscal.

Source: CNBC-TV18
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Power Finance Corporation Q3 PAT seen down 22% at Rs 514 cr
Power Finance Corporation is expected to report a profit after tax of Rs 514 crore in the October-December quarter of FY12, degrowth of 22% as compared to Rs 659 crore in the corresponding quarter of last fiscal.


Net interest income is seen going up by 22% to Rs 1,133 crore from Rs 926 crore year-on-year.


Expectations


- Expect loan growth to remain healthy at 26% YoY


- Margins expected to be stable QoQ


- Higher MTM losses likely - due to Re depreciation (only 14% of foreign currency borrowings fully hedged)


- Operational expenses likely to increase 22%


- Asset quality to remain stable


- PAT decline driven by MTM losses


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