PFC registers profit of Rs 84.44 billion in 2020-21

Power Finance Corporation Limited (PFC) has recorded its highest ever net profit of Rs 84.44 billion and income of Rs 377.67 billion for the year ended March 2021.

The company has registered an increase of 13.17 per cent in standalone total income to Rs 377.67billion from Rs 333.71 billion recorded last year. The company’s standalone net profit has increased by 49 per cent to Rs 84.44 billion from Rs 56.55 billion during the same period. There has been a 28 per cent increase in net interest income at Rs. 129.51billion for in 2020-21 as against Rs 100.97 billion in 2019-20.Aided by the profits, the net worth of the company has reached Rs 523.9 billion on March 31, 2021, an increase of 16 per cent over March 31, 2020.