Power Finance Corp Q1 results: Net profit rises over 20% to Rs 7,182 cr

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Power Finance Corp Q1 results: Net profit rises over 20% to Rs 7,182 cr - Business Standard

Quick Summary:

State-owned Power Finance Corporation on Tuesday posted over 20 per cent rise in its consolidated net profit to Rs 7,182.06 crore in June 2024 quarter compared to a year ago, mainly due to higher revenues.

The company reported a consolidated net profit of Rs 5,982.14 crore in the quarter ended on June 30, 2024, a regulatory filing showed.

The company's board also approved declaration of an interim dividend at the rate of 32.50 per cent or Rs 3.25 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for FY25.