Kerala Financial Corporation records Rs 50 cr profit in FY23

Updated: Jun 7 2023 9:55PM

New Delhi, Jun 7 (PTI) Kerala Financial Corporation, a Kerala government-owned finance firm, on Wednesday said it recorded about four-fold jump in its net profit at Rs 50.19 crore in the financial year ended on March 31, 2023.

The company has earned a net profit of Rs 13 crore in the preceding fiscal.

Total income has increased to Rs 694.38 crore against Rs 518.17 crore last year, Kerala Finance said in a statement.