NEW DELHI :
State-run Energy Finance Company (PFC) on Wednesday reported a 9.98% development in its consolidated web revenue for the January-March quarter of FY22 at ₹4,925.90 crore.
Throughout the identical quarter of the earlier monetary 12 months (FY21), the corporate had reported a consolidated web revenue of ₹3,906.05 crore.
Its complete revenue through the quarter underneath overview stood at ₹18,873.55 crore almost 4% larger than ₹18,155.14 crore earned through the corresponding interval of FY21.
For the final monetary 12 months (FY22), the corporate reported a consolidated web revenue of ₹18,768.21 crore, 19.41% larger than ₹15,716.20 crore registered in FY21, confirmed a regulatory submitting.
Its complete revenue in FY22 rose 6.47% to ₹76,344.92 crore.
The corporate witnessed a 31 foundation factors discount in consolidated web NPA ratio from 1.91% in FY21 to 1.60% in FY22 as a result of decision of pressured belongings. Its consolidated gross NPA ratio in FY22 was 5.02% down from 5.29% in FY21.
The chairman and managing director of PFC, R.S. Dhillon stated: “PFC continues to stay to its dedication to share its success with the shareholder and accordingly, through the 12 months, PFC has distributed almost 32% of its revenue by dividend to its shareholder.”
He added that energy sector remains to be reeling underneath the impression of Covid pandemic, on account of which PFC’s mortgage asset e book grew marginally. “Nonetheless, we’re optimistic that with the financial exercise bouncing again to its pre-covid degree, PFC’s enterprise exercise would begin selecting up momentum,” he stated.
Shares of the corporate on the BSE closed at ₹106.90 on Wednesday, decrease by 0.74% from its earlier shut.
Supply: Live Mint