Total income was up 10.38 per cent from Rs 1,238.2 crore in the Jan-Mar quarter last year to Rs 1,366.8 crore this year. For the year ended March 2008, higher volume of operations helped PFC post a 22.37 per cent jump in net profit, while total income increased by 28.32 per cent from Rs 3,927.6 crore to Rs 5,040 crore.
PFC has so far supported projects of over 70,000 Mw and about 33,000 Mw had been commissioned, accounting for 23 per cent of country's installed capacity. About 66 per cent of disbursements during the last year were for thermal power projects.
"We are diversifying to fund small power projects and non-conventional energy projects. So far, 125 Mw worth Rs 600 crore has been sanctioned for non-conventional energy projects in wind, biogas and solar energy," V K Garg, chairman and managing director, PFC said in a statement.
The company which had announced its unaudited results last month had showed a net profit of Rs 297.3 crore for the quarter ended March 2008, down 19.9 per cent compared with the corresponding quarter last year.
