Power Finance Corporation net profit rises 7%

15 Feb 2023 CW Team

The state-owned Power Finance Corporation (PFC) increased its overall net profit by 7 per cent to Rs 52.41 billion in the December quarter, owing primarily to increasing sales.

According to a regulatory filing, the company's consolidated net profit in the October-December quarter of FY22 was Rs 48.93 billion.

The company's total income grew to Rs 196.62 billion in the quarter under review, up from Rs 192.13 billion in the same time last year.

The board also authorised the payment of a third interim dividend of Rs 3.50 per share, bringing the total interim dividend for fiscal year 2022-23 to Rs 8.75 per share.

The total loan asset book has surpassed Rs 8 trillion. The loan asset book stands at Rs 8,04,526 crore as of December 31, 2022.

Consolidated disbursements exceeded Rs 1 trillion for the nine-month period of FY23 (April-December 2022), representing a 28 per cent increase over 9M'22 (April-December 2021). According to a company release, this highlights the PFC group's strong business performance.

Because to synergies in the resolution of stressed assets, the Gross NPA (bad loan) ratio has fallen below 4 per cent, from 5.55 percent in 9M'22 to 3.91 percent in 9M'23.

The consolidated Net NPA (bad loan) ratio saw a 71 basis points reduction from 1.86 per cent in 9M'22 to 1.15 per cent in 9M'23. This is the lowest ever Net NPA ratio on consolidated basis, it stated.

Also Read
Post the earthquake, Turkey cracks down on contractors and developers
Steps being taken to encourage green steel

Infrastructure Urban

09 Feb 2026

Eicher Delivers First 13.5 m Electric Intercity Sleeper Bus

Eicher Trucks & Buses, a business unit of VE Commercial Vehicles Ltd., has recently delivered its first 13.5 m electric intercity sleeper bus, marking a key milestone in India’s long-distance electric mobility segment. The first bus is being operated by LeafyBus, with plans to deploy 35 buses by March 2026 across high-demand intercity corridors in North India.The initial deployment will cover routes such as Delhi–Dehradun and Delhi–Lucknow, supporting LeafyBus’ expansion across environmentally sensitive and high-density travel corridors.Commenting on the partnership, Suresh Chettia..

HCSS Showcases Unified Construction Platform at CONEXPO 2026

HCSS will recently present the next evolution of its connected construction management platform at CONEXPO-CON/AGG 2026, bringing together construction workflows, data and teams on a single platform across the entire project lifecycle. The event will be held from 3–7 March 2026 in Las Vegas, Nevada. HCSS will host two booths at the show, demonstrating how its integrated software ecosystem enables seamless collaboration between the office, field and shop, from bid stage through to project closeout. Steve McGough, President and CEO, HCSS, said, “For 40 years, we’ve done everything within..

Berger Paints Q3 Profit Declines Despite Volume Growth

Berger Paints India has reported a mixed performance for the quarter ended 31 December 2025, with healthy volume growth and margin improvement offset by softer demand conditions and cost pressures. On a consolidated basis, revenue from operations for the quarter stood at Rs 29,840 million, compared to Rs 29,751 million in the corresponding quarter last year, reflecting a marginal increase of 0.3 per cent. EBITDA (excluding other income) was Rs 4,710 million, slightly lower than Rs 4,717 million a year earlier. Net profit declined by 8.3 per cent to Rs 2,713 million from Rs 2,960 million. Sta..