Power Finance Corporation (PFC), power projects
financing company, has reported a massive growth of 35% year-on-year in
its net profit of Rs 820 crore for the fourth quarter of FY12.
Analysts on average had expected profit after tax at Rs 765
crore for the quarter.
Total income of the company jumped 41% to Rs 3,683 crore for
the quarter ended March 2012 as against Rs 2,617 crore in a year ago period.
In a press conference after results, PFC said the company
planned to raise USD 250 million via overseas borrowings.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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