Power Finance Corporation's Profit Surges Amid Interest Income Hike

Power Finance Corporation (PFC) has announced a 25% increase in consolidated net profit for the first quarter of FY 2025-26, amounting to Rs 8,981 crore. This growth is primarily attributed to higher net interest income, demonstrating PFC's strong financial standing.

During the quarter ending June 2025, PFC's loan asset book saw a 13% rise, reaching Rs 11,34,347 crore compared to the same period in the previous year. Total income for this quarter climbed to Rs 28,628.92 crore, with expenses recorded at Rs 17,429.93 crore.

The company declared an interim dividend of Rs 3.70 per share. A significant decrease in gross NPA to 1.47% and a 21% year-on-year growth in standalone net profit further underscore PFC's solid performance. Notably, the company's renewable energy portfolio surged by 36% during this period.

(With inputs from agencies.)