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

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

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.

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.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?