HomeNewsBusinessEarningsNo change in hedging position despite forex loss, says PFC
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No change in hedging position despite forex loss, says PFC

Even though the company reported a 40% drop in Q2 profits due to forex losses, Satnam Singh, chairman and managing director of PFC tells CNBC-TV18 that they will not change their hedging position because they redemptions are not due soon.

November 09, 2011 / 18:08 IST
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Power Finance Corporation reported a drastic 40% fall in profits for the quarter gone by due to Rs 529 crore loss on account of foreign exchange.

TAGS: #Forex loss #hedging position #PFC Q2 results #Power Finance Corporation #Results Boardroom
first published: Nov 9, 2011 03:02 pm

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