Power Finance Corp Q3 profit jumps 37% to Rs 1,534 crore
State-run Power Finance Corp today posted over 37 per cent jump in net profit to Rs 1,534.31 crore for the October-December period of this fiscal and announced an interim dividend of Rs 856.24 crore to the government.
The company had reported a net profit of Rs 1,117.10 crore during the same period last year (2012-13), Power Finance Corporation said in a regulatory filing.
The board of directors declared and approved the payment of interim dividend of Rs 8.80 per share on the face value of paid-up equity shares of Rs 10 each for 2013-14.
At current market price, the dividend amounts to Rs 1,162 crore, of which Rs 856.24 crore will go to the central government, which holds 73.71 per cent stake in the firm.
The dividend on equity shares will be paid on February 17, 2014, the company said.
Total income of the company grew to Rs 5,539.23 crore during the period under review as compared to Rs 4,465.37 crore in the corresponding period of the last financial year (2012-13).
