PFC Q3 net down 12 per cent to ₹3,386 cr
State-run Power Finance Corporation reported a 12 per cent dip in consolidated net profit at ₹3,386.72 crore in the December quarter. The company’s net profit stood at ₹3,876.17 crore in the year-ago quarter.
Total income rose to ₹15,878.04 crore during October-December 2019 from ₹14,050.95 crore a year ago.
During April-December, consolidated net profit was at Rs 8,783.55 crore as compared with Rs 9,249.01 crore during the year-ago quarter.
Its consolidated net profit stood at Rs 12,640.27 crore in 2018-19.
The company’s board also approved an interim dividend of ₹9.50 per equity share for 2019-20.
It has fixed March 2, 2020 as the ‘Record Date’ for ascertaining eligibility of shareholders for payment of interim dividend.
