The company's net profit has surged by 20.86% for first quarter ended June 30, 2014 at Rs 1448.26 crore as compared to Rs 1198.24 crore for the quarter ended June 30, 2013. Its total income has increased by 18.07% to Rs 5923.90 crore for the quarter under review from Rs 5017.10 crore for the corresponding quarter of the previous year.
PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bill, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.
The promoters holding in the company stood at 72.80% while Institutions and Non-Institutions held 21.96% and 5.24% respectively.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 344.20 on 10-Jun-2014 and a 52 week low of Rs 99.35 on 28-Aug-2013.
Power Finance Corporation (PFC) is currently trading at Rs 270.95, up by 5.35 points from its previous closing of Rs 265.60 on the BSE
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