PFC reports 28 per cent rise in first quarter net profit

Power Finance Corporation Limited (PFC) has recorded a net profit of Rs 45.55 billion for the quarter ended June 2021, an increase of 28.05 per cent over Rs 35.57 billion recorded for the quarter ended June 2020.

The company’s consolidated total income stood at Rs 189.73 billion for the quarter ended June 2021, an increase of 12.05 per cent over Rs 169.32 billion recorded for the quarter ended June 2020. Under the Aatma Nirbhar Discoms liquidity support announced by the Government of India, PFC and its subsidiary REC Limited combined together have so far sanctioned Rs 1,355.37 billion and disbursed Rs 796.78 billion.

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