Power Finance Corporation reported a good increase in standalone net profit for the year ended March 2008. During the year, the profit of the company rose 22.93% to Rs 12,086.79 million from Rs 9,832.12 million in the previous year. The company posted earnings of Rs 10.53 a share during the year, registering 11.66% growth over previous year.
Net sales for the year rose 31.67% to Rs 50,293.31 million, while total income during the year rose 28.36% to Rs 50,399.23 million, when compared with the prior year period.
Quarterly results:
Power Finance Corporation reported a sharp drop in standalone net profit for the quarter ended March 2008.
During the quarter, the profit of the company declined 19.27% to Rs 2,973.21 million from Rs 3,682.98 million in the same quarter previous year. The company reported earnings of Rs 2.59 a share during the quarter, registering 0.73 times decline over previous year period.
Net sales for the quarter rose 20.59% to Rs 13,652.36 million, while total income for the quarter rose 10.50% to Rs 13,667.38 million, when compared with the prior year period.
Shares of the company were last trading down Rs 0.7, or 0.43% at Rs 163. The total volume of shares traded at the BSE was 541,467 (1.04 p.m., Wednesday).
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