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Feb 03, 2012, 10.12 AM IST
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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