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New Delhi, Jan. 18 Power Finance Corporation Ltd has reported a 38 per cent jump in net profit at Rs 320.5 crore during the third quarter of the current fiscal, up from Rs 232.6 crore clocked during the same quarter of last fiscal. The power lending major’s total income rose by 35 per cent to Rs 1,300 crore (Rs 954 crore).

PFC’s loan sanctions were up by about 12 per cent at Rs 8,474 crore (Rs 7,589 crore) during the October-December period this fiscal.

The major projects sanctioned during the quarter included the Rs 4,785 crore to Krishnapatnam Thermal Power project and Rs 800 crore Lanco Amarkantak Power Pvt Ltd.

The PFC share closed down over 8 per cent at Rs 232.05 on the BSE on Friday.

The 52-week high for the stock stood at Rs 297.40 per share while the corresponding low was Rs 101.

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