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Power Finance Corporation Ltd Q2FY24; 27% rise in Profits

Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector.

Financial Results:

Power Finance Corporation Ltd reported Revenues for Q2FY24 of ₹22,391.00 Crores up from ₹19,336.00 Crore year on year, a rise of 15.8%.

Total Expenses for Q2FY24 of ₹13,775.00 Crores up from ₹12,741.00 Crores year on year, a rise of 8.12%.

Consolidated Net Profit of ₹6,628.00 Crores up 26.75% from ₹5,229.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹14.65, up 22.90% from ₹11.92 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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