Photo: Hemant Mishra/MintNew Delhi: State-run Power Finance Corp.’s (PFC) standalone net profit rose by 0.7% at Rs1,886.59 crore in the quarter ended on 30 September 2017 compared to year ago. The company’s standalone net profit for the quarter ended on 30 September 2016 was Rs1,873.42 crore, the company said in a BSE filing. According to the statement, total income of the company rose to Rs7,108.57 crore in the second quarter from Rs6,999.76 crore in the year-ago quarter. The interest income of the company was Rs6,897.06 crore in the quarter, slightly up from Rs6,856.90 crore year ago. The company’s gross NPAs as on 30 September 2017 stood at Rs21,504.44 crore, down from Rs30,718.61 crore on 30 March 2017.

Source: Mint November 03, 2017 12:56 UTC