Power Finance Corporation Limited
NSE Symbol PFC
Power Finance Corporation has announced its Q4 FY 2011 Results.
Net Sales is Rs.2617.35 cr – up by 1.62% from previous qtr of Q3 FY 11 and by 25.84% from corresponding qtr of Q4 FY 10.
Total Expenditure is Rs.13.37 cr – down by 76.52% from Q3 FY 11 and up by 24.13% from Q4 FY 10.
Profit from Operations is Rs.2603.98 cr – up by 3.38% from Q3 FY 11 and up by 25.85% from Q4 FY 10.
Profit before tax is Rs.819.42 cr – down by 9.1% from Q3 FY 11; and up by 11.47% from Q4 FY 10.
Net Profit is Rs.606.75 cr – down by 7.91% from Q3 FY 10; and up by 1.33% from Q4 FY 10.
Basic EPS is Rs.5.29 against a face Value of Rs.10 – compared to Rs.5.74 in Q3 FY 10 and Rs.5.22 in Q4 FY 10.
Basic EPS for the 4 qtrs is Rs.5.29_+ Rs.5.74 + Rs.6.11 + Rs.5.68 = Rs.22.82. There is no improvement in profitability during the period, though sales has increased.
Current MP is Rs.237.So, PE Ratio is 10.39.
Results table :
| P F C | 31-Mar-11 | 31-Dec-10 | 31-Mar-10 |
| Net Sales | 261734.8 | 257569.34 | 207994.53 |
| Net Sales | 261734.8 | 1.62 | 25.84 |
| Employees Cost | 1777.06 | 1699.95 | 2885.23 |
| Depreciation | 139.25 | 124.1 | 109.4 |
| Other Expenditure | -579.21 | 3870.57 | -1917.42 |
| Total Expenditure | 1337.1 | 5694.62 | 1077.21 |
| Total Expenditure | 1337.1 | -76.52 | 24.13 |
| Profit from Operations | 260397.7 | 251874.72 | 206917.32 |
| Profit from Operations | 260397.7 | 3.38 | 25.85 |
| Other Income | 606.83 | 546.87 | 2478.54 |
| Interest | 179062.75 | 162274 | 135884.24 |
| Profit before tax | 81941.78 | 90147.59 | 73511.62 |
| Profit before tax | 81941.78 | -9.1 | 11.47 |
| Tax expense | 21266.8 | 24262.7 | 13632.02 |
| Net Profit | 60674.98 | 65884.89 | 59879.6 |
| Net Profit | 60674.98 | -7.91 | 1.33 |
| Face Value (In Rs | 10 | 10 | 10 |
| Paid Up Equity | 114776.67 | 114776.67 | 114776.67 |
| Basic EPS | 5.29 | 5.74 | 5.22 |
| Public holding (%) | 10.22 | 10.22 | 10.22 |
ANNOUNCEMENTS TO NSE
19-04-2011 the standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 261734.8 lacs for quarter ending on 31-MAR-2011 against Rs. 207994.53 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 60674.98 lacs for the quarter ending on 31-MAR-2011 against Rs. 59879.6 lacs for the quarter ending on 31-MAR-2010.
04-04-2011 PFC Consulting Limited, which is a wholly owned subsidiary of the Company, has transferred on March 31, 2011, two of its wholly owned subsidiaries namely M/s Jabalpur Transmission Company Limited incorporated for facilitating development of Transmission Scheme "System Strengthening Common for Western Region (WR) & Northern Region (NR)" and M/s Bhopal Dhule Transmission Company Limited incorporated for facilitating development of Transmission Scheme "System Strengthening for Western Region (WR)" to 'M/s Sterlite Transmission Projects Private Limited" selected through "Tariff based Competitive-bidding Guidelines for Transmission Service" issued by Ministry of Power, Govt. of India.
01-04-2011 Power Finance Corporation Limited has informed the Exchange that Power Finance Corporation Ltd has incorporated a wholly-owned subsidiary Company namely Power Finance Corporation Green Energy Limited on March 30, 2011, to provide financial support for generating green (Renewable and Non-conventional sources of) energy.
18-03-2011 approved the Draft Red Herring Prospectus (DRHP) for the proposed Further Public Offer (FPO) comprising of a fresh issue of 17,21,65,005 equity shares (constituting 15% of the pre issue paid up capital) by the Company and an offer for sale of 5,73,88,335 equity shares (constituting 5% of the pre issue paid up capital) by the President of India, acting through the Ministry of Power, Government of India.
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