Author: freemanwithnell
PFC witnesses 28% increase in consolidated Profit After Tax from Quarter 1’ 2021
Power Finance Corporation Ltd, an Indian financial institution under the ownership of Ministry of Power has witnessed 34% increase in Standalone Profit After Tax from Q1’21. Following are the highlights of the first quarter result of 2021: Standalone 34% increase in Standalone Profit After Tax from Q1’21- PAT at Rs. 2,274 cr. for Q1’22 vs. Rs.1,700 cr. for Q1’21. 15% increase in Net Interest Income from Q1’21-Net Interest Income at Rs. 3,525cr. for Q1’22 vs.Rs.3,073cr. in Q1’21 Interim Dividend of Rs.2.25 declared per share. Aided by profit growth, PFC’s net worth for Q1’22 is up by 17% to Rs.54,739 cr. ... Read more