Power Finance Corporation (PFC) on Wednesday announced a net profit of Rs 297.32 crore for the quarter ended March 31, 2008, a 19.90 per cent decline over the corresponding quarter a year ago.
The company had a stand-alone net profit of Rs 371.22 crore for the fourth quarter ended March 31, 2007, the power sector financing company said in a filing to the Bombay Stock Exchange. The total income of the company increased to Rs 1,366.73 crore in t he latest quarter from Rs 1,238.27 crore in the year ago period. The consolidated net profit of the company was up 22.56 per cent at Rs 1,208.67 crore for the year ended March 31, as compared to Rs 986.13 crore a year ago.
For the year ended March 31, total income of the group rose to Rs 5,039.92 crore from Rs 3,927.65 crore last year. Shares of the company were trading at Rs 163.40, down 0.18 per cent on the BSE in afternoon trade.
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