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State—owned power sector lender PFC today posted a 9 per cent rise in its net profit at Rs 1,411.41 crore for the quarter ended March 31, 2014 largely on account of an increase in income from operations.
The company had reported a profit of Rs 1,294.13 crore in the corresponding quarter of the last financial year.
Total income from operations during the quarter under review rose to Rs 5,632.36 crore (Rs 4,668.95 crore), Power Finance Corporation (PFC) said in a statement.
The company’s net profit for 2013—14 ended jumped 23 per cent to Rs 5,418 crore as against Rs 4,420 crore in the previous year fiscal.
Total income from operations rose to Rs 21,522.42 crore (Rs 17,266.14 crore).
The company announced a dividend of 20 paise per share in addition to already paid interim dividend of Rs 8.80 per share thereby making total dividend of Rs 9 per share for 2013—14.
Company’s net interest income (NII) during 2013—14 rose to Rs 8,480 crore from Rs 6,308 crore.
PFC’s loan assets at the end of 2013—14 increased to Rs 1,89,231 crore from Rs 1,60,396 crore in the previous year.
PFC shares today closed at Rs 293.95, down 4.58 per cent from its previous close on the BSE.
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