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PFC achieves the highest ever PAT of ₹10,022 crore in Q4 FY22 – EQ Mag Pro

PFC achieves the highest ever PAT of ₹10,022 crore in Q4 FY22 – EQ Mag Pro

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The company’s net worth stands over Rs 59, 350 crores. Total income in the quarter rose to Rs 18,873.55 crore from Rs 18,155.14 crore in the same period a year ago.

New Delhi: State-owned Maharatna Power Finance Corporation (PFC) on Wednesday reported an increase of nearly 10 percent in the consolidated net profit at Rs 4,295.90 crore, and registers a 19% increase in Standalone Profit After Tax from FY’21 stands at Rs 10,022 cr. for FY’22 vs Rs 8,444 cr. for FY’21.

The company’s net worth stands over Rs 59, 350 crores. Total income in the quarter rose to Rs 18,873.55 crore from Rs 18,155.14 crore in the same period a year ago.

The consolidated net profit in the fiscal year 2021-22 also rose to Rs. 18,768.21 crore from Rs 15,716.20 crore in 2020-21.

However, the company’s board has released an additional dividend of Rs. 1.25 per equity share with a face value of Rs. 10 each for the fiscal year 2021-22. This is in addition to interim dividends of Rs. 10.75 per share for 2021-22, which is already paid by the company. With this, the company presented the highest ever dividend of Rs 12 per share.

Source: psuconnect
Anand Gupta Editor - EQ Int'l Media Network