PFC Posts Rs.43.7 Billion Net Profit in Q2 FY25, Records 13.6% YoY Growth

14 Nov 2024 CW Team

PFC generated Rs.12.48 billion ($149.8 million) in dividend income and ?500 million ($5.9 million) from fees and commissions during the quarter. It also distributed loans worth Rs.327.7 billion (~$3.93 billion) in Q2 FY25, highlighting the company’s significant role in financing infrastructure projects.

For the first half (1H) of FY 2024-25, PFC's net profit surged by 18% to Rs.80.88 billion ($970.6 million), while total income grew to Rs.251.32 billion ($3.02 billion), marking a 14.6% YoY increase. Loan disbursements for 1H skyrocketed by 155% YoY, reaching ?555.62 billion (~$6.67 billion).

PFC's renewable energy loan assets amounted to Rs.521.26 billion ($6.26 billion) as of September 30, 2024, with large hydro projects (>25 MW) accounting for ?156.64 billion ($1.88 billion), and solar, wind, and other renewables representing Rs.364.62 billion (~$4.38 billion).

The company’s asset quality also improved, with the Net Non-Performing Asset (NPA) ratio dropping from 1.27% to 0.72% YoY, and the gross NPA ratio declining to 2.71% from 4.38%.

PFC’s consolidated loan asset book reached Rs.9.24 trillion ($110.9 billion), a 20% YoY increase. The company also saw a 21% growth in its consolidated net worth, now at ?859.24 billion ($10.31 billion).

Chairperson and Managing Director Parminder Chopra highlighted the company’s solid financial performance and its crucial role in financing India’s growing energy sector. The board declared a second interim dividend of Rs.3.50 per share, following a first interim dividend of Rs.3.25 earlier in the fiscal year.

PFC recorded a 20% rise in its consolidated profit after tax, which grew to Rs.71.82 billion ($855.4 million) in Q1 FY25 from Rs.59.82 billion ($712.6 million) in Q1 FY24.

Government-owned Power Finance Corporation (PFC) reported a net profit of Rs.43.7 billion ($524.5 million) for the second quarter (Q2) of the financial year 2025, reflecting a 13.6% year-over-year (YoY) growth. The company's revenue for Q2 stood at Rs.132.15 billion ($1.59 billion), up by 12.1% YoY, demonstrating strong performance in the power sector. PFC generated Rs.12.48 billion ($149.8 million) in dividend income and ?500 million ($5.9 million) from fees and commissions during the quarter. It also distributed loans worth Rs.327.7 billion (~$3.93 billion) in Q2 FY25, highlighting the company’s significant role in financing infrastructure projects. For the first half (1H) of FY 2024-25, PFC's net profit surged by 18% to Rs.80.88 billion ($970.6 million), while total income grew to Rs.251.32 billion ($3.02 billion), marking a 14.6% YoY increase. Loan disbursements for 1H skyrocketed by 155% YoY, reaching ?555.62 billion (~$6.67 billion). PFC's renewable energy loan assets amounted to Rs.521.26 billion ($6.26 billion) as of September 30, 2024, with large hydro projects (>25 MW) accounting for ?156.64 billion ($1.88 billion), and solar, wind, and other renewables representing Rs.364.62 billion (~$4.38 billion). The company’s asset quality also improved, with the Net Non-Performing Asset (NPA) ratio dropping from 1.27% to 0.72% YoY, and the gross NPA ratio declining to 2.71% from 4.38%. PFC’s consolidated loan asset book reached Rs.9.24 trillion ($110.9 billion), a 20% YoY increase. The company also saw a 21% growth in its consolidated net worth, now at ?859.24 billion ($10.31 billion). Chairperson and Managing Director Parminder Chopra highlighted the company’s solid financial performance and its crucial role in financing India’s growing energy sector. The board declared a second interim dividend of Rs.3.50 per share, following a first interim dividend of Rs.3.25 earlier in the fiscal year. PFC recorded a 20% rise in its consolidated profit after tax, which grew to Rs.71.82 billion ($855.4 million) in Q1 FY25 from Rs.59.82 billion ($712.6 million) in Q1 FY24.

Infrastructure Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Building Material

13 Oct 2025

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..