PFC Q1: Analysts expect PAT to grow 28% to Rs 882 cr

State-owned Power Finance Corporation (PFC), a finance provider to power projects, is set to declare its results for the quarter ended June 2012 on Wednesday. Analysts on an average expect the profit after tax to grow by 28% year-on-year to Rs 882 crore during the quarter.

Net interest income too is seen going up by 28% to Rs 1,265 crore from Rs 990 crore during the same period.

Disbursements grew by 35% YoY and 50% QoQ to Rs 15,942 crore in the March quarter while that rose by 21% to Rs 41,418 crore in the financial year 2011-12.

Sanctions also reported a growth of 24% YoY and 26% QoQ to Rs 19,497 crore in the fourth quarter of previous year, but for the year it down by 14%.

PFC's total loan assets grew by 31% to Rs 1.3 lakh crore.

Net interest margin rose marginally QoQ to 3.88% in Q4FY12 whereas the same stood at 3.89% for the full year.

Asset quality was worsened in the previous quarter. Gross non-performing assets (NPAs) increased 50 basis points QoQ to 1.04% and net NPAs rose by 45 basis points to 0.93% in the March quarter.

PFC made provisions for Rs 96 crore in the previous quarter, which included Rs 56 crore for Maheshwar, Rs 38 crore for RS Wind India and Rs 2 crore for a small bagasse project.