Power Finance Corporation (PFC), a finance provider to power projects, has reported a net profit of Rs 419 crore in the second quarter of FY12, a massive fall of 40% as compared to Rs 700.8 crore in the corresponding quarter of last fiscal. The fall was due to the forex loss of Rs 529 crore during the September quarter.
But bet sales shot up 24% to Rs 3,142 crore from Rs 2,531 crore during the same period.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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