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Power Finance Corporation Ltd Q3FY24; 20% 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 Q3FY24 of ₹23,572.00 Crores up from ₹19,639.00 Crore year on year, a rise of 20.03%.

Total Expenses for Q3FY24 of ₹15,632.00 Crores up from ₹13,043.00 Crores year on year, a rise of 19.85%.

Consolidated Net Profit of ₹6,294.00 Crores up 20.09% from ₹5,241.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹14.33, up 22.48% from ₹11.70 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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