Power Finance Corporation declined 1.13% to Rs 162 at 9:56 IST on BSE on reporting 19.9% fall in net profit to Rs 295.4 crore on 10.39% increase in net sales to Rs 1366.86 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 163 and a low of Rs 160.10 so far during the day. The stock had a 52-week high of Rs 297.40 on
The company’s current equity is Rs 1177.47 crore. Face value per share is Rs 10.
The current price of Rs 162 discounts its Q4 March 2008 annualised EPS of Rs 10.36, by a PE multiple of 10.07.
Power Finance Corporation’s net profit rose 22.37% to Rs 1206.76 crore on 28.32% rise in total income to Rs 5040.04 crore in the year ended March 2008 over the year ended March 2007.
In March 2008, Power Finance Corporation signed a memorandum of understanding with RITES to combine its resources and expertise to facilitate import of coal from African countries.
The company provides funds based services like term loans, equipment leasing, bill discounting, buyer’s line of credit. It also provides non-funds based services like guarantee services, consultancy services, to the power sector.
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