New Delhi: Power Finance Corporation Ltd. (PFC), a Maharatna CPSE under the Ministry of Power, has announced a strong performance for the first quarter of FY26, reporting a 25% year-on-year increase in consolidated net profit, which rose from ₹7,182 crore in Q1 FY25 to ₹8,981 crore in Q1 FY26. The Board has also declared an interim dividend of ₹3.70 per share, reinforcing its commitment to value creation for shareholders.
The company also witnessed a 1.5x jump in consolidated disbursements, reaching ₹95,660 crore in Q1 FY26, compared to ₹63,135 crore in Q1 FY25. Its consolidated loan asset book grew by 13% year-on-year to ₹11.34 lakh crore as of June 30, 2025.
Strong improvement in asset quality was also recorded, with net NPA dropping to an all-time low of 0.31%, down from 0.84% a year ago. Gross NPA declined significantly by 150 basis points, from 2.97% to 1.47%.
Standalone Highlights
On a standalone basis, PFC’s PAT rose 21% from ₹3,718 crore in Q1 FY25 to ₹4,502 crore in Q1 FY26. The company also recorded its highest-ever first-quarter disbursement at ₹36,152 crore—an 85% jump from ₹19,483 crore in Q1 FY25. The standalone loan asset book grew by 16% to ₹5.50 lakh crore.
Other key indicators remained strong:
- CRAR: 22.37%, with Tier 1 at 20.60%
- Net worth: Increased by 14% YoY to ₹95,061 crore
- Gross NPA (Standalone): Reduced to 1.92% (down 146 bps YoY)
- Net NPA (Standalone): Down to 0.38% (from 0.87% in Q1 FY25)
Also Read: PFC Transfers Odisha Power Transmission SPV to HG Infra Engineering – Details Inside
Management Commentary
Ms. Parminder Chopra, CMD, PFC, stated: “PFC has once again delivered a strong financial performance in Q1 FY26. This quarter marked our highest-ever first-quarter disbursements, and we recorded a robust year-on-year growth of 16%, with our renewable energy portfolio growing impressively by 36%. These results reaffirm PFC’s position as a leading financier in the power and infrastructure sectors and reflect our strategic focus on sustainable growth and energy transition.”
Mr. Sandeep Kumar, Director (Finance), added: “In Q1’26, PFC reported a net profit of ₹4,502 crore, marking 21% Y-o-Y growth, primarily driven by a 26% increase in Net Interest Income. Our financial position remains resilient, underpinned by a healthy capital adequacy ratio and continued improvement in asset quality.”
About PFC
Power Finance Corporation Ltd. (PFC) is a Maharatna Central Public Sector Enterprise under the Ministry of Power and serves as a leading non-banking financial corporation in the power sector. With a robust portfolio spanning conventional, renewable, and infrastructure financing, PFC plays a critical role in supporting India’s energy transition and grid modernization goals.
