Power Finance Corporation (PFC) has announced robust financial results for the second quarter and first half of fiscal year 2025, marked by a 14% increase in consolidated Profit After Tax (PAT), rising from Rs. 12,610 crore in H1’24 to Rs. 14,397 crore in H1’25. The consolidated net worth also saw significant growth, increasing by 17% from Rs. 1,23,703 crore as of September 30, 2023, to Rs. 1,45,158 crore as of September 30, 2024. The company further showcased a strong performance in its loan asset book, experiencing a 13% growth from Rs. 9,23,724 crore to Rs. 10,39,472 crore during the same period, while successfully reducing its consolidated Net Non-Performing Assets (NPA) to 0.80%.
In terms of standalone performance, PFC achieved a record quarterly PAT of Rs. 4,370 crore in Q2’25, a 14% increase from Rs. 3,847 crore in Q2’24. For the first half of the fiscal year, the PAT reached Rs. 8,088 crore, an impressive 18% rise compared to Rs. 6,854 crore in H1’24. The company also declared an interim dividend of Rs. 3.50 per share, bringing the cumulative interim dividend to Rs. 6.75 per share. PFC’s loan asset book grew by 10%, from Rs. 4,49,458 crore to Rs. 4,93,363 crore, and the company maintained healthy capital adequacy levels, with a CRAR of 24.38% and Tier 1 capital at 22.29%.
PFC’s management expressed confidence in the continued growth trajectory. Sandeep Kumar, Director (Finance), noted the achievement of record profits and a significant reduction in Net NPA levels below 1%. Meanwhile, Chairman and Managing Director Parminder Chopra highlighted the company’s strong disbursements of Rs. 46,663 crore and the declaration of an interim dividend, emphasizing a commitment to maximizing shareholder returns. Additionally, the company’s subsidiary, PFC Infra Finance IFSC Ltd, commenced foreign currency lending operations in October 2024, marking a significant milestone as the first entity in India to initiate power and infrastructure lending in the International Financial Services Centre (IFSC) at GIFT City, Gujarat.
