Power Finance Corporation (PFC) Ltd has reported a ₹3,386.72-crore consolidated net profit for the third quarter of financial year 2019-20. This is 12.63 per cent lower than the ₹3,876.17 crore net profit reported in the same period of the previous financial year.
The company board on Wednesday recommended an interim dividend of ₹ 9.50 per equity share on the face value of the paid-up equity shares of ₹10 each for the financial year 2019-20.
Consolidated total income during the period under review rose 13 per cent to ₹15,878.04 crore from ₹14,050.95 crore in the quarter ending December 31, 2018.
On Wednesday, shares of the company closed 1.16 per cent higher at ₹126. on the BSE.
