{"id":93196,"date":"2021-08-12T13:21:22","date_gmt":"2021-08-12T07:51:22","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=93196"},"modified":"2021-08-13T13:24:44","modified_gmt":"2021-08-13T07:54:44","slug":"pfc-witnesses-28-increase-in-consolidated-profit-after-tax-from-quarter-1-2021","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/hi\/pfc-witnesses-28-increase-in-consolidated-profit-after-tax-from-quarter-1-2021\/","title":{"rendered":"PFC witnesses 28% increase in consolidated Profit After Tax from Quarter 1\u2019 2021"},"content":{"rendered":"

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DELHI : 12 AUG 2021\u00a0<\/span><\/h2>\n<\/div>\n

Power Finance Corporation Ltd, \u00a0an Indian financial institution under the ownership of Ministry of Power has witnessed 34% increase in Standalone Profit After Tax from Q1\u201921. Following are the highlights of the first quarter result of 2021:<\/p>\n

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  • Standalone<\/u><\/strong><\/li>\n<\/ul>\n
      \n
    • 34% increase in Standalone Profit After Tax from Q1\u201921- PAT at Rs. 2,274 cr. for Q1\u201922 vs. Rs.1,700 cr. for Q1\u201921.<\/li>\n<\/ul>\n

       <\/p>\n

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      • 15% increase in Net Interest Income from Q1\u201921-Net Interest Income at Rs. 3,525cr. for Q1\u201922 vs.Rs.3,073cr. in Q1\u201921<\/li>\n<\/ul>\n

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          \n
        • Interim Dividend of Rs.2.25 declared per share.<\/li>\n<\/ul>\n

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            \n
          • Aided by profit growth, PFC\u2019s net worth for Q1\u201922 is up by 17% to Rs.54,739 cr. from Rs. 46,940 cr. in Q1\u201921.<\/li>\n<\/ul>\n

             <\/p>\n

              \n
            • The Capital Adequacy Ratio of the Company has crossed 20% – CRAR of 21.16% as on 30.06.2021. The capital adequacy is at a comfortable levelwith sufficient cushion over & above the prescribed regulatory limits.<\/li>\n<\/ul>\n

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              • With the objective to fortify the balance, provisioning coverage on Stage III (NPA) Assets enhanced to 65%. This has resulted in lowest Net NPA levels of 2% in the past 3 years.<\/li>\n<\/ul>\n

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                • Revamped Distribution Sector Scheme with an outlay of Rs.3,03,758 crore provide significant business opportunity to PFC going forward. PFC along with our subsidiary REC have been designated as nodal agencies for facilitating implementation of the Scheme.<\/li>\n<\/ul>\n

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                  • Consolidated<\/u><\/strong><\/li>\n<\/ul>\n
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                    • 28% increase in consolidated Profit After Tax from Q1\u201921- PAT at Rs. 4,555 cr. for Q1\u201922 vs. Rs.3,557cr. forQ1\u201921<\/li>\n
                    • 12% increase in Consolidated Revenue from Operations from Q1\u201921 – Consolidated Revenues at Rs. 18,965 cr. for Q1\u201922\u00a0 vs. Rs.16,914 cr. for Q1\u201921.<\/li>\n
                    • Loan Asset book grows at 9.5% – Loan asset book for Q1\u201922 at Rs.Rs.7,49,373cr. vs. Rs.6,84,383 cr. in Q1\u201921.<\/li>\n
                    • Reduction in consolidated net NPA ratio to 1.80% in Q1\u201922 from 3.15% in Q1\u201921due to resolution of stressed assets.<\/li>\n<\/ul>\n
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                      • Liquidity support to Discoms under Aatma Nirbhar Bharat Abhiyaan<\/u><\/strong><\/li>\n<\/ul>\n
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                        • Under the AatmaNirbharDiscoms liquidity support announced by the GOI, PFC & its subsidiary REC combined togetherhave so far sanctioned Rs.1,35,537 cr. and disbursed Rs.79,678 cr.<\/li>\n<\/ul>\n

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                          \u0915\u094d\u0937\u092e\u093e \u0915\u0930\u0947\u0902, \u092f\u0939 \u0938\u092e\u093e\u091a\u093e\u0930 \u0906\u092a\u0915\u0947 \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0940 \u092d\u093e\u0937\u093e \u092e\u0947\u0902 \u0909\u092a\u0932\u092c\u094d\u0927 \u0928\u0939\u0940\u0902 \u0939\u0948\u0964 \u0915\u0943\u092a\u092f\u093e \u092f\u0939\u093e\u0901 \u0926\u0947\u0916\u0947\u0902\u0964 DELHI : 12 AUG 2021\u00a0 Power Finance Corporation Ltd, \u00a0an Indian financial institution under the ownership of Ministry of Power has witnessed 34% increase in Standalone Profit After Tax from Q1\u201921. Following are the highlights of the first quarter result […]<\/p>\n","protected":false},"author":12,"featured_media":21512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,122],"tags":[50373],"class_list":["post-93196","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national","category-news","tag-pfc-witnesses-28"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t