Power Finance Q2 net profit powers 72% ahead at Rs4,290cr
Thu, Nov 12, 2020 8:19 PM

Power Finance Q2 net profit powers 72% ahead at Rs4,290cr

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Power Finance Corp reported 16.93% growth in Sep-20 quarter top line revenues at Rs18,158cr. The performance in the Jun-20 quarter did not really get impacted as the business of power funding is largely non-cyclical in nature. For the Sep-20 quarter, the operating profits were up 46% at Rs5284cr. The sharp spike in operating profit was due to higher revenues absorbing fixed costs better.

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