https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Power Finance Corporation Clocks 25% Surge in Annual PAT in FY24

CMD of PFC, Mr. Parminder Chopra, lauded the PSU's subliminal performance and stated how it continues to be India's highest profit-making NBFC
Indian Masterminds Stories

Maharatna PSU, Power Finance Corporation Limited (PFC), registered a rise of 18.41 % in standalone Profit after Tax (PAT) year-on-year in Q4 of FY 2023-24 at Rs. 4,135.45 crore. In the corresponding quarter of the financial year 2022-23, PFC had recorded PAT of Rs. 3,492.27 crore. 

PFC’s net profit for Q4 was Rs. 7,556.43 crore (23.29% higher than the figure recorded in the corresponding quarter of FY23), and it registered its highest annual PAT with an increase of 25% – from Rs. 21,179 crore in FY23 to Rs. 26,461 crore in FY24.

On a quarter-on-quarter basis, PFC’s standalone net profit has risen 22.45%. For the entire financial year 2023-24, PFC’s standalone net profit was up 23.8% year-on-year at Rs. 14,367.02 crore. 

Mr. Parminder Chopra, the Chairman and Managing Director (CMD) of the PFC, lauded the PSU’s subliminal performance and stated how it continues to be the largest NBFC Group in India and is also India’s highest profit-making NBFC both on a consolidated and on a standalone basis.


Indian Masterminds Stories
Related Stories
NEWS
psuwatch_2025-04-02_62wq2qdg_HSL-PSU-Watch-
HSL Achieves Positive Net Worth After 4 Decades; Poised for Mini Ratna Status
psuwatch_import_wp-content_uploads_2022_06_SJVNs-headquarters-gets-four-star-rating-from-GRIHA-Council
SJVN Announces Commercial Operation of 241.77 MW in Bikaner Solar Power Project
psuwatch_2025-04-02_5nwz5tnf_MDL-Defence-Watch
MDL Holds Keel Laying Ceremony for Multi-Purpose Vessel
NPCI
NPCI Expands AI Use to Strengthen Security Amid Rising UPI Transactions
IAS Extension (4)
JNPA Records 13.55% Growth in Container Traffic, Handles 7.3 Million TEUs in FY 2024-25
PNGRB
PNGRB Proposes Indian Oil for Andaman & Nicobar Gas Infrastructure Development
Coal India Limited_CIL_logo_resized
Coal India Expands Global Footprint with Lithium Push in Argentina
RailTel Corporation of India Limited 2
RailTel, LTSU, and NSDC Join Hands to Boost Railway Sector Skills Development
Videos
Padmapani Bora IRS
The Rise of Assam as India’s Most Exciting Tourist Spot | Exclusive with IRS Padmapani Bora
Sajjan Yadav, IAS
The Policy Maker Who Turned India’s Vaccine Story and UPSC Struggles into Bestsellers
WhatsApp Image 2025-03-21 at 14.33
Training The Cops In Mastering The Technology Used By Criminals
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
psuwatch_2025-04-02_62wq2qdg_HSL-PSU-Watch-
HSL Achieves Positive Net Worth After 4 Decades; Poised for Mini Ratna Status
psuwatch_import_wp-content_uploads_2022_06_SJVNs-headquarters-gets-four-star-rating-from-GRIHA-Council
SJVN Announces Commercial Operation of 241.77 MW in Bikaner Solar Power Project
Videos
Padmapani Bora IRS
Sajjan Yadav, IAS
WhatsApp Image 2025-03-21 at 14.33
ADVERTISEMENT
ADVERTISEMENT