PFC Reports 25% Jump in Net Profit to Rs 8,981 Crore, Declares Interim Dividend
Power Finance Corporation (PFC) reported a 25% year-on-year increase in net profit to ₹8,981.45 crore for the quarter ended June 30. Revenue from operations rose by 15.5% to ₹28,539.04 crore. The company declared an interim dividend of ₹3.70 per equity share. PFC maintained strong asset quality with a gross credit impaired assets ratio of 1.47% and a net credit impaired assets ratio of 0.31%. The company's net worth stood at ₹1,22,994.30 crore with a debt-to-equity ratio of 5.98.

*this image is generated using AI for illustrative purposes only.
Power Finance Corporation (PFC), India's leading power sector lender, has reported a robust financial performance for the quarter ended June 30. The company's net profit surged by 25% year-on-year to ₹8,981.45 crore, up from ₹7,182.06 crore in the same period last year. Additionally, PFC reported quarterly revenue from operations of ₹28,539.04 crore, representing a 15.5% year-over-year increase from ₹24,716.76 crore in the same period last year.
Key Financial Highlights
Metric | Value |
---|---|
Net Profit | ₹8,981.45 crore |
Net Profit (Previous Year) | ₹7,182.06 crore |
Profit Growth | 25% |
Revenue from Operations | ₹28,539.04 crore |
Revenue (Previous Year) | ₹24,716.76 crore |
Revenue Growth | 15.5% |
Earnings Per Share | ₹20.81 |
Financial Performance
The significant jump in PFC's profitability and revenue demonstrates the company's strong financial position and effective management of its loan portfolio. The company's performance is particularly noteworthy given the challenging economic environment.
Dividend Announcement
In a move that will benefit shareholders, PFC's Board of Directors has declared an interim dividend of ₹3.70 per equity share.
Balance Sheet Strength
As of the reporting period, PFC's financial position remains solid:
Metric | Value |
---|---|
Net Worth | ₹1,22,994.30 crore |
Debt-to-Equity Ratio | 5.98 |
These figures underscore PFC's strong capital base and its ability to support future growth.
Asset Quality
PFC continues to maintain a healthy asset quality:
Metric | Value |
---|---|
Gross Credit Impaired Assets Ratio | 1.47% |
Net Credit Impaired Assets Ratio | 0.31% |
The low impairment ratios reflect PFC's prudent lending practices and effective risk management strategies.
Other Financial Metrics
Metric | Value |
---|---|
Total Expenses | ₹17,429.93 crore |
Total Expenses (Previous Year) | ₹15,843.01 crore |
Expense Growth | 10% |
Operating Margin | 38.93% |
Net Profit Margin | 31.37% |
Market Response
Following the results announcement, PFC shares traded flat at ₹414.20 on the BSE.
Conclusion
Power Finance Corporation's impressive quarterly results, including the 25% net profit increase and 15.5% revenue growth, highlight its pivotal role in financing India's power sector and its ability to deliver consistent returns to shareholders. As the company continues to navigate the evolving energy landscape, its strong financial foundation positions it well for sustained growth and performance in the coming quarters.
Historical Stock Returns for Power Finance Corporation
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.10% | -3.68% | -2.53% | +4.44% | -23.23% | +398.61% |