Power Finance Corporation climbs on reporting 27% rise in Q2 consolidated net profit
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Power Finance Corporation is currently trading at Rs. 279.00, up by 15.40 points or 5.84% from its previous closing of Rs. 263.60 on the BSE.
The scrip opened at Rs. 267.90 and has touched a high and low of Rs. 280.40 and Rs. 265.65 respectively. So far 1601233 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 280.40 on 09-Nov-2023 and a 52 week low of Rs. 93.20 on 10-Nov-2022.
Last one week high and low of the scrip stood at Rs. 280.40 and Rs. 256.75 respectively. The current market cap of the company is Rs. 92188.34 crore.
The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 34.77% and 9.23% respectively.
Power Finance Corporation has reported 28.30% rise in its net profit at Rs 3847.43 crore for the second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 2998.75 crore for the same quarter in the previous year. Total income of the company increased by 16.97% at Rs 11788.49 crore for Q2FY24 as compared to Rs 10078.45 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 26.75% rise in its net profit at Rs 6628.17 crore for Q2FY24 as compared to Rs 5229.33 crore for the same quarter in the previous year. Total income of the company increased by 15.18% at Rs 22403.69 crore for Q2FY24 as compared to Rs 19344.39 crore for the corresponding quarter previous year.
