Power Finance Corporation Reports Record Financial Performance in December 2024 Results
Power Finance Corporation has announced its financial results for the quarter ending December 2024, showcasing strong performance across key metrics. Net sales, operating profit, and profit after tax all reached their highest levels in five quarters, while earnings per share and debt-equity ratio also improved significantly.
Power Finance Corporation, a prominent player in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance, with several key metrics reaching their highest levels in the last five quarters.Net sales for the quarter stood at Rs 26,798.04 crore, reflecting a consistent upward trend over the past five quarters. Operating profit also reached a peak at Rs 26,367.23 crore, showcasing a strong operational performance. Similarly, profit before tax, excluding other income, was reported at Rs 9,792.50 crore, marking a significant achievement for the company. Profit after tax followed suit, with a record of Rs 5,828.79 crore, indicating robust profitability.
Earnings per share (EPS) also saw a positive development, reaching Rs 17.66, which underscores the company's ability to generate higher earnings for its shareholders. Additionally, the debt-equity ratio has improved, recorded at 8.27 times, the lowest in the last five half-yearly periods, suggesting a reduction in borrowing relative to equity capital.
In light of these developments, Power Finance Corporation has experienced an adjustment in its evaluation, reflecting the positive trends observed in its financial performance.
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