Power Finance Corporation soars on reporting rise in Q2 consolidated net profit
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Power Finance Corporation is currently trading at Rs. 121.25, up by 4.40 points or 3.77% from its previous closing of Rs. 116.85 on the BSE.
The scrip opened at Rs. 117.50 and has touched a high and low of Rs. 121.70 and Rs. 117.50 respectively. So far 587846 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 142.10 on 12-Nov-2021 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. 121.70 and Rs. 116.15 respectively. The current market cap of the company is Rs. 31535.77 crore.
The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 34.04% and 9.96% respectively.
Power Finance Corporation has reported results for second quarter ended September 30, 2022.
The company has reported a rise of 8.70% in its net profit at Rs 2998.75 crore for the quarter under review as compared to Rs 2758.65 crore for the same quarter in the previous year. Total income of the company increased by 3.27% at Rs 10078.45 crore for Q2FY23 as compared Rs 9759.22 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported marginal rise of 4.10% in its net profit at Rs 5229.33 crore for the quarter under review as compared to Rs 5023.42 crore for the same quarter in the previous year. Total income of the company marginally increased by 0.32% at Rs 19344.39 crore for Q2FY23 as compared Rs 19282.60 crore for the corresponding quarter previous year
