Shares of Power Finance Corporation Ltd. (PFC) cooled off from the highs of the day after announcing its results for the September quarter on Friday, November 7.

The company's net profit grew by only 2% from last year to ₹4,462 crore from ₹4,370 crore last year.

PFC's Net Interest Income (NII) or core income earned by the company increased by 20% from the year-ago quarter to ₹5,290 crore from ₹4,407 crore last year.

PFC's Gross Credit Impaired Assets Ratio stood at 1.87% at the end of the September quarter from 1.92% in June, while Net Credit Impaired Asset Ratio stood at 0.37% from 0.38% at the end of June.

In its notes to account, PFC also said that it has classified another loan account with a total exposure of ₹263 crore as "fraud." and 100% provisioning has been done on the said a

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