Power Finance Corporation's Q4 Net Profit Rises 23% to Rs 75.56 Bn

17 May 2024 CW Team

Power Finance Corporation (PFC) has reported a substantial increase in its net profit for the fourth quarter, registering a 23% rise to Rs 75.56 billion. This impressive growth underscores the company's strong financial performance and strategic focus on the power sector.

The significant boost in net profit for Q4 can be attributed to PFC's robust operational efficiency, effective management practices, and a favourable business environment. The company's strategic initiatives aimed at optimising operations and enhancing revenue streams have played a crucial role in achieving this growth.

PFC's strong performance is also reflective of the broader positive trends in the power sector, including increased demand for electricity, improved tariff collections, and supportive government policies. The company's ability to navigate the complex regulatory landscape and leverage growth opportunities has contributed to its enhanced profitability.

In addition to the rise in net profit, PFC has also seen improvements in other key financial metrics, demonstrating its overall financial health and stability. The company's focus on maintaining a strong balance sheet, reducing costs, and maximising returns has been instrumental in driving sustainable growth.

The robust financial results for the fourth quarter position PFC well for future growth and expansion. As the power sector continues to evolve, PFC remains committed to supporting the development of critical infrastructure projects and contributing to the nation's energy security.

With a strong financial foundation and a clear strategic vision, PFC is well-equipped to capitalise on emerging opportunities in the power sector and deliver long-term value to its stakeholders.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..