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PFC FY'09 net profit up 64 % at Rs 1,979.69 cr

New Delhi, June 16, 2009

State-run Power Finance Corporation said its consolidated net profit for the year ended March 31, 2009, rose by 64 per cent to Rs 1,979.69, over the same period last year.

The company had a net profit of Rs 1,206.75 crore for the year ended March 2008, Power Finance Corporation (PFC) said in a filing to the Bombay Stock Exchange.

Total income of the company rose to Rs 6,572.02 crore for the period ended March 2009, from Rs 5,029.27 crore in the same period last year.

On the standalone basis, the net profit of the company rose to Rs 1,969.95 crore, up 63 per cent from Rs 1,206.75 crore in the same period last year.

Total income of the company rose to Rs 6,557.36 crore for the year ended March 31, 2009, from Rs 5029.27 crore in the same period last year.

The board of directors of the company has proposed a dividend of Rs 1.35 per share (face value of Rs 10 each), in addition to already declared interim dividend of Rs 2.65 per share, thereby making total dividend of Rs 4 per share for the financial year 2008-09.

Shares of Power Finance Corporation settled at Rs 195.05, down 1.19 per cent on the BSE. 

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