Company Profile For Power Finance Corporation Limited

Power Finance Corporation Limited (PWFC.BO) (Bombay Stock Exchange)

sector: Financials · industry: Financials - Specialty ·

As of 24 Nov 2009

253.20INR

Price Change

+1.90

Percent Change

+0.76%

Analyst Recommendations

Overview

Power Finance Corporation Limited is an India-based financial institution (FI) engaged in power sector financing, and the integrated development of the power and associated sectors. The Company provides a range of financial products and services like project term loan, lease financing, direct discounting of bills, short-term loan and consultancy services for various power projects in generation, transmission and distribution sector, as well as for renovation and modernization of existing power projects. Its subsidiaries include PFC Consulting Limited, Akaltara Power Limited, Coastal Karnataka Power Limited, Coastal Maharashtra Mega Power Limited, Orissa Integerated Power Limited and Coastal Tamil Nadu Power Limited.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009, Power Finance Corporation Limited's revenues rose 29% to RS39.39B. Net income increased 91% to RS11.93B. Revenues reflect increased income from operations. Net income also reflects improved gross margin, lower employee costs, a decrease in depreciation & amortization expenses and lower other expenditure. Power Finance Corporation limited main business is to provide finance for power sector.