Power Finance Corporation, an infrastructure financing company, announced a 35% increase in net profit at Rs 818 crore for the quarter ended March 2012. It was Rs 607 crore in the same quarter a year ago.
The total income was up 40.4% at Rs 3,684 crore as against Rs 2,623 crore in March 2011.
For the financial year ended March 2012, the company's standalone net profit rose 16% to Rs 3,032 crore from Rs 2,620 crore in the previous financial year.
The total income also jumped 28% to Rs 13,037 crore from Rs 10,160 crore in March 2011.
The annual consolidated net profit was up 15.5% at Rs 3,059 crore as compared to Rs 2,647 crore in the year ended March 2011.
The consolidated total income rose 28.2% to Rs 13,096 crore while it was Rs 10,214 crore a year ago.
PFC during 2011-12 fiscal mobilised Rs 126 crore through long-term infrastructure bonds issue.
Besides, it garnered about Rs 5,000 crore through tax free bonds, of which Rs 4,033 crore were raised through public issue, PFC Chairman and Managing Director Satnam Singh said while announcing the company's annual results here.
The company announced a total dividend of Rs 6 for every share of face value of Rs 10.
PFC's scrip on BSE was up 1.5% at Rs 150 during 1330 hours.
