Power Finance Corporation Q4 net profit up 12.16% at Rs 2609.45 cr
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The company reported standalone net profit of Rs 2,609.45 crore for the quarter ended March 31, 2022 as compared to Rs 2326.61 crore in the same period last year, registering a year-on-year growth of 12.16 per cent. Net revenue of the company rose marginally by 2.05 per cent at Rs 9,870.37 crore in January-March quarter of this fiscal as against Rs 9,672.29 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 2.45 per cent to Rs 1,099.41 crore from Rs 1,073.15 crore in year ago period. Other Income grew by 89.20 per cent at Rs 4.03 crore versus (Mar'21 Rs 2.13 crore). Operating Profit surged by 2.00 per cent to Rs 8,770.96 crore as against Rs 8,599.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.04 per cent in March quarter. Interest declined by 3.99 per cent y-o-y to Rs 5,572.06 crore, while Taxation increased by 26.42 per cent at Rs 590.63 crore (Mar'21 Rs 467.21 crore).
