State-run Power Finance Corporation (PFC) has announced that it has clocked a handsome growth of 64% in its consolidated net profit for the year ended March 31, 2009.

In a filing to the Bombay Stock Exchange (BSE), the company said that it has recorded a net profit of Rs 1,979 crore during the year under review, as compared to Rs 1,206 crore for the year ended March 2008.

Company’s total income for the same period witnessed an upward trend to Rs 6,572 crore as compared to Rs 5,029 crore in the corresponding period last fiscal.

On the standalone basis, the company has registered 63% growth in net profit which stood at Rs 1,969 crore. It had a net profit of Rs 1,206 crore in fiscal 2008.

Total income of the company surged to Rs 6,557 crore for the year ended March 31, 2009, from Rs 5029 crore in the same period last year.

Further, the company’s board has proposed a dividend of Rs 1 per share (face value of Rs 10 each), in addition to already declared interim dividend of Rs 2.65 per share, thereby making total dividend of Rs 4 per share for the financial year 2 008-09.

Stock of Power Finance Corporation settled the day at Rs 194, down 1.92 per cent on National Stock Exchange (NSE).