PFC Q3 net profit up 68% at Rs 1,108 cr

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PFC Q3 net profit up 68% at Rs 1,108 cr

Power Finance Corporation (PFC) has reported a net profit of Rs 1,108 crore in the October-December quarter of FY12, a massive growth of 68% as compared to Rs 659 crore in a year ago quarter. Growth in bottomline was led by strong forex gain.

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Power Finance Corporation (PFC) has reported a net profit of Rs 1,108 crore in the October-December quarter of FY12, a massive growth of 68% as compared to Rs 659 crore in a year ago quarter. Growth in bottomline was led by strong forex gain.

The company earned a forex gain of Rs 415 crore as against loss of Rs 28 crore.

Net sales too rose 24.4% to Rs 3,282 crore from Rs 2,576 crore year-on-year.

Board members of PFC have declared an interim dividend of Rs 5 a share.