State-owned Power Finance Corporation (PFC) today posted 10.5 per cent increase in standalone net profit at Rs 1,873.42 crore for the quarter ended September.
The company had posted a standalone net profit of Rs 1,695.30 crore in the same quarter of the previous fiscal, PFC said in a filing to BSE.
However, the total income from operations during the quarter declined to Rs 6,928.39 crore, from Rs 7,022.05 crore in the year-ago period.
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Total expenses during the quarter fell to Rs 4,335.98 crore, from Rs 4,561.75 crore in the year-ago period.
The company's primary business is to provide finance for the power sector.
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