“PFC declared a dividend, flagged a fraud, and posted steady profits — but is the stock undervalued or under pressure?”

Q2 FY26 Highlights (July–September 2025) - Net Profit: ₹4,462 crore, up 2.1% YoY - Net Interest Income (NII): ₹5,290 crore, up 20% YoY - Total Income: ₹14,760 crore, up 11.8% YoY - Gross NPA: Improved to 1.87% (from 1.92% in Q1) - Net NPA: Marginally better at 0.37% (from 0.38%) 💰 Dividend Update - Interim Dividend: ₹3.65 per share - Record Date: November 26, 2025 - Payout Date: On or before December 6, 2025 🔍 Investor Watchouts - Loan Book Quality: Despite stable NPAs, PFC flagged a ₹263 crore loan as “fraud” and fully provisioned it — a reminder of sectoral risks. - Valuation Comfort: PFC remains attractively valued among PSU NBFCs, but growth is modest. - Dividend Yield: Continues to be a strong income-generating stock for long-term investors. 📉 Stock Impact - Post-Result Reaction: Stock closed 1.44% lower at ₹380.45 on result day - Market Cap: ₹1.25 lakh crore - Technical View: ₹370–₹385 is a key support zone; ₹400+ breakout needed for bullish momentum. 🚀 Future Outlook - Power Sector Lending: PFC remains a key financier for India’s energy transition, including renewables and DISCOM reforms. - Merger Synergies: Watch for updates on integration with REC and strategic lending shifts. - ESG & Infra Push: Government’s infra focus and green energy financing could boost long-term growth.