Power Finance Corporation Q2 profit up 23 pc at Rs 1,274 crore

Power Finance Corp has reported a nearly 23 per cent jump in net profit at Rs 1,273.79 crore for the three months ended September 30.

The company, a key lender for the power sector, had a net profit of Rs 1,036.49 crore in the year-ago period.

In the July-September period of 2013-14, Power Finance Corp saw its total income climb to Rs 5,336.96 crore, according to a regulatory filing. The PSU had reported a total income of Rs 4,191.16 crore in the same period a year ago.

Total expenses in the latest September stood at Rs 3,547.27 crore as against Rs 2,756.88 crore in the three months ended September 2012.

Shares of the company rose 1 per cent to close at Rs 144.95 on the Bombay Stock Exchange on Friday.