PFC posts multifold jump in net profit to Rs 3,906 crore in March quarter
State-run Power Finance Corporation on Tuesday posted a multifold jump in its consolidated net profit to Rs 3,906.05 crore in the January-March quarter mainly on the back of higher revenues.
The consolidated net profit of the company was Rs 693.71 crore in the quarter ended on March 31, 2020, a BSE filing said.
Total income of the company rose to Rs 18,155.14 crore in the quarter from Rs 16,254.65 crore in the same period a year ago.
The consolidated net profit in 2020-21 is Rs 15,716.20 crore compared to Rs 9,477.25 crore in 2019-20. Total income in the fiscal rose to Rs 71,700.51 crore from Rs 61,275.36 crore in 2019-20.
