PFC H1 PAT UP 16% at Rs. 2728 crore

Sarkaritel
By Sarkaritel November 2, 2018 18:28


New Delhi, Nov 02 Consistent with its higher volume of operations, Power Finance Corporation’s Profit After Tax (PAT) is up by 16% from Rs.2348 crore to Rs. 2728 crore during the first half (April-September) of the current Financial year of 2018-19. Total Income rose by 6% to reach a figure of Rs.14,382 crore as against Rs.13,629 crore recorded during the same period last year.

Net Loan Assets registered a growth of 14% during this period. Another significant aspect is that the Cost of Funds has come down by a whopping 25 bps i.e. from 8.32% to 8.07%. It is pertinent to mention in this context that PFC has now access to lost cost funds like 54EC Bonds the subscription to which has witnessed a quantum leap of 2 times over previous quarter.

Disbursements are up by about 14% to Rs.30,486 crore in comparison to Rs.26,669 crore registered during the same period last year. Earning Per Share (EPS) has gone up by from Rs.8.9 to Rs.10.33 during this period.

Out of the total Loan Book of Rs.2,92,648 crore, Government Sector assets comprise of 82% and Private Sector about 18%. 90% of the Total Loan Assets are regular in servicing and no stress is envisaged.

Sarkaritel
By Sarkaritel November 2, 2018 18:28