State-run Power Finance Corporation has declared its first quarter financial results for the financial year 2010-11.The company has managed to post a net profit rise in this quarter under review.

Power Finance Corporation has said that its net profit is Rs 652.35 crore for the quarter that ended in 30th June, 2010. This has gone up by 17.55% as compared to the net profit figure of the same quarter in the last fiscal year 2009-10.

The company has registered a net profit of Rs 554.91 crore in the June quarter in the previous year. The company has said this in a filing at the Bombay Stock Exchange.

The company has also produced superior total income record in this quarter under review.

The total income of the company has risen up to Rs 2,417.54 crore during the April-June quarter of fiscal year 2010-11. The company has posted Rs 1,892.92 crore as total income in the similar quarter in the preceding financial year.

There has been a significant rise in this total income of Power Finance Corporation in Q1.