India's Power Finance Corp climbs higher after upbeat earnings

Power Finance

21/05/2025 09:08

** Shares of Power Finance Corp Ltd PWFC.NS climbs 3.1% to 318.90 rupees

** State-owned power financier reports a 10.6% rise in fourth-quarter profit, helped by 20% jump in interest income

** Stock was up 0.2% before earnings

** Analysts tracking PWFC rate it "strong buy" on avg, same as peer REC RECM.NS - data compiled by LSEG

** PWFC drops 7% YTD, faring better than RECM's 20% decline

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))