Power Finance Corporation (PFC) Latest Updates

Financial and Business Performance Power Finance Corporation has continued to demonstrate strong financial results. For Q2 of FY2024-25, the company's consolidated net profit increased by nearly 9% year-on-year to ₹7,215 crore. This was driven by a 15% rise in operational revenue, which reached ₹25,721.8 crore. The company's consolidated loan asset book grew by 13% during this period, reaching ₹10.39 lakh crore. PFC has also shown improvement in its asset quality, with the consolidated Net Non-Performing Assets (NPA) reaching its lowest level at 0.80% in the first half of FY25. Funding and Strategic Initiatives PFC has been active in securing new funding to support its lending activities, particularly for clean energy and power distribution projects. The company signed a loan agreement for €150 million with Germany's KfW to fund projects under the government's Revamped Distribution Sector Scheme (RDSS), which aims to improve the efficiency of power distribution companies. Additionally, PFC formalized a JPY 120 billion (around ₹3,500 crore) loan agreement with Japan Bank for International Cooperation (JBIC) to finance clean energy projects in India, including a bio-ethanol plant in Assam. Corporate and Stock Updates PFC's board has been engaged in various corporate actions. For the first half of FY2025, a second interim dividend of ₹3.50 per share was declared. The company has also incorporated a new wholly-owned subsidiary, SR and ER Power Transmission Limited, under its subsidiary PFC Consulting Limited. The stock has experienced volatility over the past year. As of September 2025, the stock was trading around ₹393, reflecting a decline from its 52-week high of ₹544.45.