New Delhi: Indian state-run power projects financier Power Finance Corp Ltd's fiscal fourth quarter (Jan-Mar) net profit increased 34.69% to Rs 8.18 billion from Rs 6.07 billion in the same period a year ago on the back of robust income from operations, it said Tuesday.
Total income from operations of the company in the three months to March 31, 2012 rose 40.71% to Rs 36.82 billion from Rs 26.17 billion in the corresponding quarter previous fiscal year, the company said in a statement.
The company's total expenses during the quarter were at Rs 25.20 billion, rising by 39.78%, from Rs 18.03 billion in the same period a year ago.
The power financier reported an earnings per share of Rs 6.20 during the quarter against Rs 5.29 in the year-ago period.
The board of directors of the company has recommended a total dividend of Rs 6 per share to the shareholders for fiscal 2011-12.
Shares of Power Finance Corp Tuesday ended at Rs 149.35 on the Bombay Stock Exchange (BSE), up 0.78% from the previous close.
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