State-owned non-bank lender Power Finance Corporation (PFC) has posted a 42.66 per cent jump in its consolidated net profit at Rs 6,128.63 crore during March FY23 quarter, helped by higher income.
It had clocked Rs 4,295.90 crore net profit from “continuing and discontinued operations” in January-March quarter of preceding financial year (FY) 2021-22, the company said in a regulatory filing on Saturday.
Total income increased to Rs 20,074.11 crore from Rs 18,873.55 crore in the year-ago quarter, registering a year-on-year (y-o-y) rise of 6 per cent.
In a separate statement, the company said “PFC Group clocked the highest PAT (profit after tax) with a 13 per cent increase from Rs 18,768 crore in FY22 to Rs 21,179 crore in FY’23.” As on March 31, 2023,
