Stocks

PFS Q3 results: Net profit slips over 50% to Rs 21 crore

(PFS) Ltd on Thursday reported an over 50 per cent decline in its consolidated internet revenue to Rs 20.85 crore within the third quarter ended December 2020.The corporate’s internet revenue stood at Rs 43.06 crore within the October-December interval earlier fiscal.

Its whole revenue (consolidated) additionally fell to Rs 269.39 crore in Q3 FY21 as towards Rs 331.70 crore in the identical quarter a yr in the past, PFS stated in a regulatory submitting.

The curiosity revenue in the course of the interval fell to Rs 260.30 crore from Rs 322.11 crore, whereas revenue by way of price and fee grew barely to Rs 8.26 crore from Rs 8.02 crore.

PFS is especially engaged within the enterprise of offering finance for power worth chain by way of funding and lending into such tasks.

Shares of the corporate closed at Rs 19.95 apiece on BSE, up 2.84 per cent from the earlier shut.

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