Thrilling Q1 Figures Turn On PFC

Power Finance CorporationPower Finance Corporation made 14.07% to Rs 199.85 after its quarterly net earnings soared 103.18%. The company announced its quarterly results during the market hours today, 16 July 2007.

Today, the intraday peak of the scrip was Rs 199.90, and an intrady low of Rs 177. It has has its 52-week low of Rs 101 on 3 April 2007.

On BSE index, there were 55.65 lakh shares for trading. In the last three months, the stock had an average daily volume of 13.15 lakh shares on BSE.

The company has an equity capital of Rs 1,147.77 crore, with 114.77-crore outstanding shares with a face value of Rs 10 each. At the existing price of Rs 199.85, the scrip trades at a PE multiple of 23.31, which is based on year ended March 2007 earning per share of Rs 8.57.

In one month to 13 July 2007, the company’s stock profited 18.18% against the Sensex’s 7.53% advancement. It appended 62.30% in the past three months versus the Sensex’s 14.11% return.

In Q1 June 2007, PFC’s net profit surged 103.18% to Rs 308.64 crore as against Rs 151.90 crore in Q1 June 2006. Total income flared up 35.57% to Rs 1,145.80 crore in Q1 June 2007 (Rs 845.13 crore).

PFC is a foremost power sector public financial institution and a non-banking financial company, which provides fund and non-fund-based support for the Indian power division.