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Power Finance Corporation Reports 23% Surge in Q3 Net Profit, Declares Interim Dividend

PFC’s total income for the quarter surged to Rs. 26,821.84 crore, marking an increase from Rs. 23,593.40 crore in Q3 of the previous year
Indian Masterminds Stories

State-owned Power Finance Corporation (PFC) has reported a 23% year-on-year (YoY) increase in consolidated net profit for the third quarter ended December 31, 2024, driven by higher revenues. The company’s Q3 net profit rose to Rs. 7,759.56 crore, compared to Rs. 6,294.44 crore in the corresponding quarter of the previous fiscal year, according to its latest BSE filing.

PFC’s total income for the quarter surged to Rs. 26,821.84 crore, marking an increase from Rs. 23,593.40 crore in Q3 of the previous year. The company’s loan asset book grew 12% year-on-year, reaching Rs. 10,69,436 crore as of December 31, 2024, compared to Rs. 9,54,483 crore a year ago.

Also Read: Jharkhand HC Imposes Rs 50K Fine on Former Sahibganj DC for Unlawful Mining Lease Revocation

Board Declares Third Interim Dividend

The PFC Board has approved a third interim dividend of Rs. 3.50 per equity share (on a face value of Rs. 10 per share) for FY 2024-25. The record date for the dividend is set as February 28, 2025, with the payment or dispatch scheduled on or before March 11, 2025.

Nine-Month Performance & Asset Quality

For the April-December 2024 period (9M’25), PFC’s consolidated net profit rose 17% to Rs. 22,157 crore, compared to Rs. 18,905 crore in the same period last year. The company’s consolidated net worth, including non-controlling interest, grew 16% to Rs. 1,51,338 crore as of December 31, 2024, up from Rs. 1,27,841 crore a year ago.

PFC also reported significant improvement in asset quality, with its net non-performing assets (NPA) ratio reaching a record low of 0.73% in 9M’25, compared to 0.86% in 9M’24. The gross NPA declined sharply by 83 basis points to 2.30%, compared to 3.13% in the same period last year.

Growth in Renewable Energy Portfolio

PFC’s renewable energy portfolio registered an impressive 28% year-on-year growth in the third quarter, further reinforcing its position as India’s largest renewable energy lender.

Commenting on the company’s performance, Chairman and Managing Director Mr. Parminder Chopra said, “Our strong financial growth and improved asset quality reflect PFC’s commitment to supporting India’s power sector transformation. The steady expansion of our renewable portfolio highlights our focus on sustainable energy financing.”

With its robust financial position, improved asset quality, and expanding green energy portfolio, PFC continues to strengthen its role as a key player in India’s energy financing sector.

Also Read: Sandeep Kumar Appointed Director (Finance) Of Power Finance Corporation Limited


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