Chola Wealth Direct
For the second quarter in a row, Power Finance Corporation (PFC) reported a strong earnings growth of about 90% Comparable profits growth adjusted for forex fluctuations and deferred tax items, however, was at 56%. Earnings before tax and extraordinary items also stood at 44%, amongst the highest in a series of six quarters. Bottom-line growth was driven by a 42% surge in topline. Net interest income (NII) maintained its growth path by registering a 32% growth as compared to an average of...
Power Finance Corporation Ltd. is trading below its 30 day SMA of 411.0
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