Power Finance Corporation Q3 results 2024 results are released. The company made a rise in the net profit by 20%. Everyone is curiously looking for more information about the release date of PFC Power Finance Corporation Q3 results 2024 net profits, net sales, and revenue. We will share details about Power Finance Corporation Q3 results 2024 results below. The company records a net profit of ₹6,294 Crore in the December end. It has improved every year. The company is meeting the expectations of the shareholders.
PFC known as Power Finance Corporation q3 results 2024 was released on Thursday. The company gave an interim dividend of ₹3.5 per equity share in the previous year in Q3 2023. PFC made a total revenue of ₹19,662.65 Crore. Apart from that, the company’s net income was ₹7,218.6 Crore with a net profit of ₹3,860.
The previous quarter Q2 2024 was also profitable. The company rose in profits to ₹4,833.08 Crore with revenue of ₹22,403 Crore. Apart from that, net profit margins reached 21.57%. The company is following the growth pattern. The expectations for the current quarter were also high.
Power Finance Corporation Ltd. Q3 2024 results were released on 8 February 2024. PFC is providing an interim dividend of ₹3.50 per equity share in this quarter. The dividend record date will be 24 February 2024. The company mentions that the consolidated loan assets rose by 19%. It was ₹8,045,526 the previous year and reached ₹9,541483 on 31 December 2023. There are improvements like a reduction in bad loans. It is a plus point for the company. They have made bad loans of 0.86% in the FY 2023-24 (April to December), which was 1.15% in the previous year. The company made a net profit of Rs, 6,294 Crore. It is said to be a 20% rise in net profits.
The quarterly growth is also commendable. The company will distribute its interim dividend on 9 March 2024. The company’s shares had a 0.39% fall on Thursday’s trade window. The current share price of the company is ₹467.15 per share. However, the whole month showed an appreciable growth in the shares. It made around an 18.63% rise in a month, giving a 301.75% rise in a year. The company also expects to continue with a similar growth pace in the coming months. We hope you get enough details about PFC share and Q3 2024 results above.