Power Finance Corporation (PFC) announced its Q4 and FY08 results. The company's FY08 net profit was up by 22.59% at Rs 1208.99 crore versus Rs 986.14 crore. FY08 net interest margin stood at 3.75% versus 3.52%.Its Q4 net profit declined by 19.18% at Rs 297.64 crore from Rs 368.29 crore and income from operations went up by 20.58% to Rs 1365.24 crore from Rs 1132.17 crore, YoY. Net interest income increased at Rs 486 crore versus Rs 463 crore.
According to CNBC-TV18's estimates, the company was likely to post de growth of 2.45% in its Q4 net profit of Rs 359.25 crore as against Rs 368.29 crore in same quarter of last year.Net interest income was seen going up 13.2% to Rs 543.7 crore from Rs 480.3 crore.
From- Indiaearnings.com
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