Power Finance Consolidated September 2024 Net Sales at Rs 25,721.79 crore, up 14.88% Y-o-Y

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//business-finance.news-articles.net/content/202 .. -sales-at-rs-25-721-79-crore-up-14-88-y-o-y.html

Published in Business and Finance on Tuesday, December 10th 2024 at 1:40 GMT by moneycontrol.com
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Quarterly Net Profit at Rs. 5,302.43 crore in September 2024 up 9.71% from Rs. 4,833.08 crore in September 2023. EBITDA stands at Rs. 25,387.31 crore in September 2024 up 10.6% from Rs. 22,954.58 crore in September 2023.

The article from Moneycontrol discusses the financial performance of Power Finance Corporation (PFC) for the quarter ending September 2024. PFC reported a significant increase in its consolidated net sales, reaching Rs 25,721.79 crore, which marks a 14.88% year-over-year growth. This growth was attributed to higher loan disbursements and an increase in interest income. Additionally, the company's net profit saw a rise, reflecting improved operational efficiency and asset quality. The article also highlights PFC's strategic initiatives aimed at expanding its renewable energy portfolio and enhancing its digital infrastructure to support future growth.

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/earnings/power-finance-consolidated-september-2024-net-sales-at-rs-25-721-79-crore-up-14-88-y-o-y-12886581.html ]

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