For quarter ended June 2012 Power Finance Corporation reported 36% rise in Income from operations at Rs 3943.91 crore compared to corresponding previous year period. Other income fell 94% to Rs 0.95 crore. As a result total income rose 35% to Rs 3944.86 crore. Interest expense rose 32% to Rs 2620.01 crore while other expenses (including staff cost of Rs 18.9 crore down by 3% and other expenses of Rs 8.38 crore up by 31%) rose 6% to Rs 27.26 crore. Ensuing Gross profit rose 41% to Rs 1297.59 crore. Depreciation rose 9% to Rs 1.3 crore. PBT as a result was up 42% to Rs 1296.29 crore. Effective tax rate stood at 25% compared to 25.1%. The final bottomline of the company increased 42% to Rs 971.88 crore.
NII of the company rose 41% to Rs 1394 crore in Q1FY'13 compared to Q1FY'12
Disbursement of the company (excluding R-APDRP) rose 29% to Rs 7884 crore in Q1FY'13 compared to Q1FY'12
Loan assets of the company rose to Rs 134742 crore at the end of Q1FY'13 compared to Rs 104050 crore at the end of Q1FY'12
NIM of the company rose to 4.19% in Q1FY'13 from 3.85% in Q1FY'12
Net NPA stood at 0.91% at the end of Q1FY'13 compared to 0.2% at the end of Q1FY'12
CAR stood at 18.55%
For year ended March 2012 PFC reported 28% rise in Income from operations at Rs 13014.85 crore. Other income fell 31% to Rs 22.26 crore. As a result total income rose 28% to Rs 13037.11 crore. Interest expense rose 35% to Rs 8803.49 crore while other expenses (including staff cost of Rs 72.08 crore up by 7% and other expenses of Rs 51.87 crore up by 103%) rose 34% to Rs 123.95 crore. Ensuing Gross profit rose 16% to Rs 4109.67 crore. Depreciation rose 7% to Rs 5.42 crore. PBT as result rose 16% to Rs 4104.25 crore. Effective tax rate stood flat at 26.1%. The final bottomline of the company rose 16% to Rs 3031.74 crore.
NII of the company rose 25% to Rs 4395 crore in FY'12 compared to FY'11
Disbursement of the company fell 14% to Rs 64752 crore in FY'12 compared to FY'11
NIM of the company fell to 3.89% in FY'12 from 3.95% in FY'11
Book value of the company stood at Rs 154.24.
The stock is hovering around Rs 192.5
Power Finance Corporations: Standalone Results
| Rs in Crore |
| Particulars | 1206 (3) | 1106 (03) | Var. (%) | 1203(12) | 1103(12) | Var. (%) |
| | | | | | |
| Income from operations | 3943.91 | 2907.96 | 36 | 13014.85 | 10128.49 | 28 |
| Other Income | 0.95 | 16.17 | -94 | 22.26 | 32.07 | -31 |
| Total Income | 3944.86 | 2924.13 | 35 | 13037.11 | 10160.56 | 28 |
| Interest Expenses | 2620.01 | 1981.16 | 32 | 8803.49 | 6518.75 | 35 |
| Other expenses | 27.26 | 25.78 | 6 | 123.95 | 92.62 | 34 |
| Gross profit | 1297.59 | 917.19 | 41 | 4109.67 | 3549.19 | 16 |
| Depreciation | 1.30 | 1.19 | 9 | 5.42 | 5.05 | 7 |
| Profit before tax | 1296.29 | 916.00 | 42 | 4104.25 | 3544.14 | 16 |
| Provision for tax | 324.41 | 229.81 | 41 | 1072.51 | 924.56 | 16 |
| Net profit | 971.88 | 686.19 | 42 | 3031.74 | 2619.58 | 16 |
| EPS*(Rs) | 29.5 | 20.8 | | 23.0 | 19.8 | |
* Annualized on current equity of Rs 1319.93 crore. Face Value: Rs 10
EPS calculated after EO and Tax
EO: Extra ordinary item
LP: Loss to profit; PL: Profit to loss |