State-run Power Finance Corporation (PFC) today posted a standalone net profit of Rs 936.60 crore for the quarter ended on March 31, 2018 on the back of higher revenues.The company suffered a standalone net loss of Rs 3,409.49 in the quarter ended on March 31, 2017, a BSE filing said.The total income in the fourth quarter rose to Rs 6,376.68 crore from Rs 5,797.07 crore in the year ago period.The company's consolidated net profit for 2017-18 is Rs 5,844.11 crore, up from Rs 2,236.10 crore in the previous financial year.However, the total consolidated income of the firm was down at Rs 27,245.33 crore in 2017-18 from Rs 27,611.29 crore in the previous financial year.The company's loan asset grew by 14 per cent at Rs 2.78 lakh crore in 2017-18 from 2.45 lakh crore in the previous fiscal.Similarly the loan disbursements also increased to Rs 64,414 crore in 2017-18 from Rs 62,798 crore.The company's cost of borrowing funds also improved to 8.18 per cent in 2017-18 from 8.41 per cent in previous fiscal.The company recorded 79 per cent drop in Government Sector NPA (non performing Assets or bad loans) from Rs 24,031 crore in 2016-17 to Rs 5,016 crore in 2017-18.
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