Hot Pursuit     29-May-23
PFC gains as Q4 PAT jumps 46% to Rs 4,677 cr
Power Finance Corporation rallied 3.76% to Rs 176.75 after the company's consolidated net profit jumped 45.9% to Rs 4,676.71 crore in Q4 FY23 as against Rs 3,205.88 crore posted in Q4 FY22.
Total income rose 6.4% year on year (YoY) to Rs 20,074.11 crore in the quarter ended 31 March 2023.

Consolidated profit before tax stood at Rs 7,761.82 crore in the fourth quarter, rising 42.5% on YoY basis.

The finance company's consolidated net profit rose 13.4% YoY to Rs 15,889.33 crore in the year ended 31 March 2023.

Total income rose marginally to Rs 77,625.20 crore in FY23 as compared with Rs 76,344.92 crore in FY22.

Meanwhile, the board recommended a final dividend of Rs 4.50 per equity share, subject to shareholder's approval. The record date date for the same is fixed on 16 June 2023.

PFC is a leading power sector public financial institution and a non-banking financial company providing fund and non-fund based support for the development of the Indian power sector.

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