Power Finance Corporation Ltd is an Infrastructure Financing Company registered with the RBI and a Systemically Important Non-Deposit Taking NBFC. It works to provide financial support to the Indian Energy Industry.
Financial Results:
Power Finance Corporation Limited’s revenue in Q3FY23 rose 2% to ₹ 19,639 crores. Consolidated Profit After Tax came at ₹ 5,241 crores in Q3FY23 showcasing a 7% rise on an YoY basis. In this quarter’s results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q3Y23.
The firm’s net interest income decreased 7.1% YoY to Rs 7,218.6 crore from Rs 7,773.2 crore in the same period the year before. The total loan asset book has exceeded Rs 8 lakh crore. The loan asset book was at Rs 8,04,526 crore as of Q3FY23.