Tuesday, 22 May 2012

Power Finance Corporation Ltd. PAT surge by 16 %

Power Finance Corporation Ltd. (PFC) announced its Audited Annual Financial Results and Q4 results for Financial Year 2011-12 (FY12) on 22.05.2012

Profit After Tax: PFC's PAT has increased to `3,032croresfor FY12 as compared to PAT of ` 2,620 croresfor FY11, thereby registering an increase of 16 % on YoY basis.

Total Income: Total Income for the FY12 has increased to `13,037 croresan increase of 28 % as compared to previous financial year FY11.

Disbursements: PFC's disbursement during FY12 increased to` 41,418 croresan increase of 21% over corresponding figures of FY11.

Loan Assets : Loan Assets at the end of FY12 increased to `1,30,072croresan increase of 31% over the Loan Assets at the end of FY11.

Networth :Networth at the end of FY12 increased to `19,493 croresan increase of 37 % over the Networth at the end of FY11.

Recovery Rate: PFC was able to maintain Recovery Rate for the principal amount of more than 99% for the FY2011-12 also, to be precise the Recovery Rate was 99.19%.

Return on Avg. Networth: Return on Average Networth during FY12 is 18.00% as compared to 19.68% for FY11.
 
2.         OTHER ACHIEVEMENTS

PFC established two new wholly owned subsidiaries namely PFC Green Energy Ltd. for financing of Renewable Energy Projects and PFC Capital Advisory Services Ltd. for providing Loan Syndication Services.

PFC made Follow-on Public Offer for its Equity Shares during the Year 2011-12. The FPO received over whelming response and was subscribed about 4.3 times despite the tough market conditions.

For achievement of MOU targets, PFC has been rated as Excellent for the Year 2010-11. For the similar achievement of MOU targets for the Year 2009-10, PFC received ‘MOU Excellence Award’ from Hon’blePrime Minister of India. 

PFC during the Year 2011-12 mobilized ` 126.19 croresthrough Long Term Infrastructure Bonds Issue. PFC also mobilised about ` 5000 croresthrough Tax Free Bonds out of which ` 4033 croreswere raised through Public Issue.

PFC during the Year 2011-12 sanctioned ` 20.33 croresand disbursed `19.37 crorestowards CSR Projects.
 3.         MAJOR LOANS SANCTIONED DURING THE YEAR 2011-12

Sl.No.
Name of the Project
Sanction Amount
1.
Shree Singaji Thermal Power Project of MP Power Generating Company Ltd.
`4862 Crores
2.
Coal Based Thermal Power Project at Adilabad of Singareni Collieries Company Limited
`3980 Crores
3.
Harduaganj Extension-II Thermal Power Project of Uttar Pradesh RajyaVidyutUtpadan Nigam Ltd.
`3861 Crores
4.
Coal Based Thermal Power Project at Bhusawal of Maharashtra State Power Generation Corporation Ltd.
`3435 Crores
5.
Coal Based Thermal Power Project at Barauni of Bihar State Electricity Board
`2898 Crores
6.
DeenbandhuChhotu Ram Thermal Power Project at Yamuna Nagar of Haryana Power Generation Corporation Ltd.
`2708Crores

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