{"id":359342,"date":"2020-06-25T12:16:02","date_gmt":"2020-06-25T06:46:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359342"},"modified":"2020-06-25T12:48:21","modified_gmt":"2020-06-25T07:18:21","slug":"pfc-q4-net-profit-down-nearly-80-pc-to-693-7-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-q4-net-profit-down-nearly-80-pc-to-693-7-cr\/","title":{"rendered":"PFC Q4 net profit down nearly 80 pc to `693.7 cr"},"content":{"rendered":"<p>Power Finance Corporation  on Wednesday reported about 80% decline in consolidated net profit at a Rs 693.71 crore for the quarter ended March 2020, mainly due to transaction exchange loss.<\/p>\n<p>The company had posted a consolidated net profit of Rs  3,391.27 crore in the quarter ended March 31, 2019, a regulatory filing said.Total income during the quarter under review rose to Rs 16,254.65 crore from Rs 14,387.92 crore in the year-ago quarter. For fiscal year 2019-20, consolidated net profit declined to Rs 9,477.24 crore from Rs 12,640.27 crore in 2018-19.However, total income in 2019-20 rose to Rs 62,275.36 crore from Rs 54,156.83 crore in 2018-19.The drop in net profit is primarily due to transaction (foreign) exchange loss of Rs  3,084.78 crore for the quarter ended March 31 as compared with a gain of Rs 160.23 crore in the year-ago period, it said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Finance Corporation on Wednesday reported about 80% decline in consolidated net profit at a Rs 693.71 crore for the quarter ended March 2020, mainly due to transaction exchange loss. The company had posted a consolidated net profit of Rs 3,391.27 crore in the quarter ended March 31, 2019, a regulatory filing said.Total income during the quarter under review rose to Rs 16,254.65 crore from Rs 14,387.92 crore in the year-ago quarter. For fiscal year 2019-20, consolidated net profit declined to Rs 9,477.24 crore from Rs 12,640.27 crore in 2018-19.However, total income in 2019-20 rose to Rs 62,275.36 crore from [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,244,144],"tags":[],"class_list":["post-359342","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=359342"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359342\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}