Power Finance Corporation PFC Q3 net profit up at Rs 320.5 cr

Power Finance Corporation has announced its Q3 FY08 and 9M FY08 result and held a concall to duscuss the same. Here are the key takeaways of concall...

PFC result for 9M FY08 versus 9M FY07:

• Sanctions have increased by 58% to Rs. 43,607 crores from Rs. 27,575 crores Sanctions have increased by 58% to Rs. 43,607 crores from Rs. 27,575 crores
• Loan Assets has grown by 16% to Rs. 47,129 crores from Rs. 40,573 crores Assets has grown by 16% to Rs. 47,129 crores from Rs. 40,573 crores
• Total Income has increased by 37% to 3,673 crores from Rs. 2,689 Total Income has increased by 37% to 3,673 crores from Rs. 2,689 crores
• Net interest income has increased by 39% to Rs. 1,325 crores from Rs. 952 crores Net interest income has increased by 39% to Rs. 1,325 crores from Rs. 952 crores
• Operating Profit has increased by 40% to Rs. 1,313 crores from Rs. 935 crores Operating Profit has increased by 40% to Rs. 1,313 crores from Rs. 935 crores
• Profit Before Tax increased by 44% to Rs. 1,344 crores from Rs. 934 crores Profit Before Tax increased by 44% to Rs. 1,344 crores from Rs. 934 crores
• Net Profit before provision for deferred tax liability has increased by 37% to Rs. 991 crores
  from Rs. 725
• PAT has increased by 48% to Rs. 911 crores from Rs. 615 PAT has increased by 48% to Rs. 911 crores from Rs. 615 crores
• EPS increased by 33% to Rs. 10.59 from Rs. 7.96 (annualised) EPS increased by 33% to Rs. 10.59 from Rs. 7.96 (annualised)
• Gross NPAs as a % of Loan assets has decreased to 0.03% from 0.21% Gross NPAs as a % of Loan assets has decreased to 0.03% from 0.21%
• Return on Average Assets increased by 40 bps to 2.45% from 2.05% (Annualised) on Average Assets increased by 40 bps to 2.45% from 2.05% (Annualised)
• Return on Average Networth increased to 14.36% from 12.15% ( Return on Average Networth increased to 14.36% from 12.15% (Annualised)

PFC Q3 FY08 result versus Q2 FY08:

- Net Profit At Rs 320.5 Cr Vs Rs 282.2 Cr (Growth of 13.6%)
- Net Sales At Rs 1292 Cr Vs Rs 1227 Cr (Growth of 5.3%)
- Interest at Rs 807.55 Cr vs Rs 768.8 Cr
- Tax Expense at Rs 150.27 Cr vs Rs 137.85 Cr