PFC Q4 profit rises 42% to Rs 6,128 cr

New Delhi: State-owned non-bank lender Power Finance Corporation (PFC) has posted a 42.66 per cent jump in its consolidated net profit at Rs 6,128.63 crore during March FY23 quarter, helped by higher income.

It had clocked Rs 4,295.90 crore net profit from "continuing and discontinued operations" in January-March quarter of preceding financial year (FY) 2021-22, the company said in a regulatory filing on Saturday. Total income increased to Rs 20,074.11 crore from Rs 18,873.55 crore in the year-ago quarter, registering a year-on-year (y-o-y) rise of 6 per cent.