Mumbai: Power Finance Corporation Limited (PFC), India’s leading power sector financier and a Navratna public sector undertaking, announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
The company reported robust profitability, improved asset quality, and strong shareholder returns. The Board of Directors also recommended a final dividend of ₹3.95 per equity share for FY26.
The board meeting commenced at 11:30 AM and concluded at 1:00 PM.
PFC Standalone FY26 Financial Highlights
PFC continued its strong growth trajectory during FY26 with a healthy rise in loan assets and net worth.
Key Standalone Financial Numbers
- Profit Before Tax (PBT): ₹24,774 crore
- Loan Assets Outstanding: ₹5,74,018 crore
- Total Assets: ₹6,18,515 crore
- Net Worth: ₹1,02,532 crore
The company maintained stable profitability while strengthening its balance sheet and lending portfolio.
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PFC Consolidated FY26 Performance
The consolidated financial performance includes PFC along with its subsidiary REC Limited and other associate entities.
Consolidated FY26 Highlights
- Consolidated PBT: ₹42,850 crore
- Loan Assets Outstanding: ₹11,53,255 crore
- Total Assets: ₹12,44,579 crore
- Net Worth: ₹1,73,441 crore
The results reflect strong business momentum across the group’s lending and infrastructure financing operations.
PFC Declares Final Dividend of ₹3.95 Per Share
The Board recommended a final dividend of ₹3.95 per equity share (39.50%) on the face value of ₹10 each, subject to shareholder approval at the Annual General Meeting.
Dividend Details
- Final Dividend: ₹3.95 per share
- Interim Dividend Already Paid: ₹14.60 per share
- Total Dividend for FY26: ₹18.55 per share
- Face Value: ₹10 per share
The announcement underlines PFC’s consistent focus on rewarding shareholders through strong dividend payouts.
Asset Quality Improves Significantly
PFC reported a sharp improvement in asset quality during the March 2026 quarter.
Asset Quality Metrics
- Gross Credit Impaired Assets Ratio: 1.09%
- Net Credit Impaired Assets Ratio: 0.07%
The Gross Credit Impaired Assets Ratio improved from 1.64% in the December quarter, while the Net Credit Impaired Assets Ratio improved from 0.26% sequentially, indicating stronger recovery and lower stress in the loan book.
EBITDA Margin Expands Sharply in Q4 FY26
PFC witnessed a major improvement in operational profitability during the quarter.
- EBITDA Margin: 98.6%
- Previous Year Q4 EBITDA Margin: 92.7%
The nearly six percentage point expansion highlights efficient cost management and stronger operational performance.
PFC Raises Over ₹10,600 Crore Through NCDs
During the quarter, the company successfully raised ₹10,600.77 crore through public issues and private placement of Non-Convertible Debentures (NCDs).
PFC stated that the entire proceeds from the issuance were fully utilized without any deviation from the stated objectives.
The company also confirmed that all secured listed debt securities remain fully secured with a security cover ratio of 1.03 times.
Clean Auditor Report and Stable Financial Outlook
Joint Statutory Auditors M/s. Mehra Goel & Co. and M/s. A. K. Singhal & Co. issued an unmodified audit opinion on both standalone and consolidated financial statements.
The auditors confirmed compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) regulations.
The company also stated that the impact of India’s new labour codes on its financials is currently not material.
PFC Shares Gain After Strong Results
Following the announcement of strong FY26 earnings and dividend declaration, PFC shares moved higher in the market.
The stock rose nearly 2% intraday to ₹449.65, while it has gained around 24% so far in 2026, reflecting positive investor sentiment toward the company’s strong financial performance and improving asset quality.
About Power Finance Corporation Limited
Power Finance Corporation Limited (PFC) is a leading government-owned financial institution under the Ministry of Power, Government of India. Established in 1986, the company primarily provides funding for India’s power, infrastructure, and logistics sectors. PFC plays a key role in financing generation, transmission, and distribution projects while supporting the country’s energy transition and infrastructure growth initiatives.
