PFC Q3 profit jumps 71% to Rs 2,076 cr on one-time gain
State-run Power Finance Corporation’s third quarter profit grew by 70.6 percent year-on-year to Rs 2,075.8 crore, driven by one-time gain of Rs 641 crore.
Revenue from operations during the quarter increased 18 percent to Rs 7,362 crore compared to Rs 6,246 crore in same period last year.
Provision write-back for the quarter stood at Rs 296 crore against provisions of Rs 59 crore in same period last year, the company said, adding exchange gain during the quarter was at Rs 347.2 crore against Rs 12 crore in corresponding period last fiscal.
Also there was dividend income of Rs 102 crore for the quarter against Rs 10 crore in year-ago.
At 14:37 hours IST, the stock was quoting at Rs 100.75, down Rs 0.30, or 0.30 percent on the BSE.