Power Finance Corporation jumps on reporting 43% rise in Q4 consolidated net profit
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Power Finance Corporation is currently trading at Rs. 175.50, up by 5.15 points or 3.02% from its previous closing of Rs. 170.35 on the BSE.
The scrip opened at Rs. 173.05 and has touched a high and low of Rs. 177.25 and Rs. 172.20 respectively. So far 537887 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.40 on 04-May-2023 and a 52 week low of Rs. 97.15 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 177.25 and Rs. 164.10 respectively. The current market cap of the company is Rs. 46689.84 crore.
The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 35.12% and 8.89% respectively.
Power Finance Corporation has reported 33.83% rise in its net profit at Rs 3492.27 crore for the quarter ended March 31, 2023 as compared to Rs 2609.45 crore for the same quarter in the previous year. Total income of the company marginally increased by 3.16% at Rs 10186.23 crore for Q4FY23 as compared to Rs 9874.40 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 42.66% rise in its net profit at Rs 6128.63 crore for fourth quarter ended March 31, 2023 as compared to Rs 4295.90 crore for the same quarter in the previous year. Total income of the company increased by 6.36% at Rs 20074.11 crore for Q4FY23 as compared to Rs 18873.55 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 15.80% rise in its net profit at Rs 11605.47 crore as compared to Rs 10021.90 crore for the previous year. Total income of the company increased by 2.78% at Rs 39665.63 crore for year under review as compared to Rs 38591.17 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 12.84% rise in its net profit at Rs 21178.59 crore as compared to Rs 18768.21 crore for the previous year. Total income of the company marginally increased by 1.68% at Rs 77625.19 crore for year under review as compared to Rs 76344.92 crore for year ended March 31, 2022.
