PFC has posted a net profit of Rs.935.6 crore, for the quarter ended March 31, 2018.

The company in the same quarter a year ago had posted a loss of Rs.3,409.5 crore. Expenses were down 43% YoY to Rs.4,931.09 crore, in the quarter under review. The revenue from operations rose 7.7% YoY to Rs.6,162.4 crore, in the quarter ended March 31.

Further, the company’s provisions came in at Rs.307.01 crore in the quarter under review, as against Rs.4,479.33 crore a year ago and the other income rose by 176% YoY to Rs.214.30 crore in Q4.

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