Power Finance Corporation net profit rises 17% to Rs 5,023 cr in Q2
State-owned Power Finance Corporation on Thursday posted a 17 per cent rise in its consolidated net profit to Rs 5,023.42 crore in the September quarter, mainly on the back of higher revenues.
The consolidated net profit of PFC was Rs 4,289.74 crore in the quarter ended September 30, 2020, a BSE filing said.
The total income of the company rose to Rs 19,282.60 crore in the Sepetember quarter from Rs 18,171.41 crore a year ago.
The consolidated net NPA declined from 2.60 per cent in H1 FY21 to 1.72 per cent in H1 FY22 due to the resolution of stressed assets.
