PFC pays interim dividend of Rs 583.83 crore to government
Feb 10 2013 , New Delhi
"For the financial year 2012-13, PFC paid an all time high interim dividend of 60% amounting to Rs 792 crore on its paid up equity share capital," the company said in a statement.
At present, the government holds 73.72% stake in the company, which primarily lends to the power sector.
PFC Chairman and Managing Director Satnam Singh presented a cheque for the interim dividend of Rs 583.83 crore to Power Minister Jyotiraditya Scindia on February 8.
The company reported a net profit of Rs 3,125 crore in the first nine months of the 2012-13 financial year, an increase of 41% compared to the year-ago period.
For the three months ended December 2012, the company posted a net profit of Rs 1,117 crore as against Rs 1,108 crore in the same period a year ago.
Total income from operations climbed to Rs 4,465.37 crore in the third quarter of current fiscal. In the year-ago period, it stood at Rs 3,282.35 crore.