Power Finance Corporation Limited, a Schedule-A Maharatna CPSE, established on July 16, 1986, is one of the top Non-Banking Financial Institutions in the country.
Power Finance Corporation Limited, a Schedule-A Maharatna CPSE, established on July 16, 1986, is one of the top Non-Banking Financial Institutions in the country. The company has declared its third quarter earnings along with third interim dividend for its eligible shareholders.
The company said in a stock exchange filing that the board of directors approved the declaration of third interim dividend at the rate of Rs 3.50 (rupees three paise fifty) per equity share (subject to deduction of TDS) on the face value paid up. Is. Equity Shares of ₹10/- for FY 2022-23. Further, it is informed that for the purpose of ascertaining the eligibility of the shareholders for payment of 3rd Interim Dividend for the financial year 2022-23, Friday, February 24, 2023 shall be considered as the 'Record Date'. The date of payment/remittance of the above interim dividend shall be on or before March 14, 2023."
The firm reported a net profit of ₹5,241.10 crore on a consolidated basis, up from ₹4,893.91 crore in Q3FY22 or 7% YoY. For the quarter under review, the company's net income increased to ₹19,662.65 crore from ₹19,213.69 crore in the same quarter last year. The company's net interest income (NII) declined 7.1% YoY to ₹7,218.6 crore in Q3FY23 from ₹7,773.2 crore in Q3FY22.
The consolidated loan asset book stood at ₹8,04,526 crore. The total consolidated disbursements for the first nine months of FY23 (April-December 2022) were ₹1,06,875 crore, a growth of 28%, as compared to 9M'22 (April-December 2021). The EPS of Power Finance Corporation reached Rs.14.62 in Q3FY23 as against Rs.13.56 in Q3FY22.
Shares of Power Finance Corporation today closed at ₹143.75 on the NSE, up 1.70% from its previous close of ₹141.35. The stock recorded a total NSE + BSE average volume of 2,445,114 shares and an average delivery volume of 87,999,653 shares. At today's close, the stock was seen trading below 20, 50, 100 and 200 days Simple Moving Averages (SMA).
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