During January-March quarter of FY24, PFC’s consolidated net profit rose by 23.29% to Rs 7,556.43 crore, up from Rs 6,128.63 crore in the corresponding period of FY23. The company reported revenue from operations of Rs 24,141.40 crore, a 20.34% increase year-on-year.mCommenting on the financial performance, PFC chairperson and managing director Parminder Chopra said the strong results were backed by a 14% growth in the loan portfolio while maintaining strong asset quality.

Maximizing shareholder value remains a priority. Today, the final dividend of Rs 2.50 per share has been proposed by the Board. With this, the total dividend for FY 2024 would be Rs 13.50 per share," Chopra said. Emphasizing PFC’s leadership in India’s clean energy push, Chopra said, “Our renewable loan portfolio grew 25% year-on-year to over ₹60,000 crore, solidifying our position as the leading renewable lender in India.”

Looking ahead, PFC sees growth opportunities in both the power and infrastructure sectors. The company has diversified into newer areas, including financing infrastructure and airports, while boosting both thermal and renewable energy power sectors.

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The signing ceremony took place in presence of Smt. Parminder Chopra, CMD, Shri Rajiv Ranjan Jha, Director (Projects), Shri Manoj Sharma, Director (Commercial), Shri H K Das, ED (Projects) and APL officials including Shri Bikul Ch. Deka, Chairman, Shri Rajnesh Gogoi, Managing Director, Shri Pramod Kr. Prasad, Director (Finance) along with other senior officials of PFC & APL.

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