Power Finance’s second quarter profit up 9.86 percent

November 10th, 2010 - 7:33 pm ICT by IANS  

Mumbai, Nov 10 (IANS) Power Finance Corporation Limited Wednesday reported a 9.86 percent increase in its net profit for the second quarter of the current fiscal, which stood at Rs.7,008.3 million (over $150 million) as against Rs.6,379 million for the like period of the last year.

“The company has posted a net profit of Rs.7,008.374 million for the quarter ended Sep 30, 2010 as compared to Rs.6,379.063 million for the quarter ended Sep 30, 2009,” the company said in a regulatory filling to the Bombay Stock Exchange (BSE).

The total income of the company also reported an increase of 24.04 percent.

“Total income has increased from Rs.20,464.251 million for the quarter ended Sep 30, 2009 to Rs.25,384.298 million for the quarter ended Sep 30, 2010,” the statement said.

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