Earnings Review
PFC posts marginal PAT rise Q2 as provisions make a comeback
This story was originally published at 16:42 IST on 7 November 2025
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--PFC interim dividend record date is Nov 26
--PFC to pay INR 3.65 per share second interim dividend for FY26
--PFC Apr-Sept revenue INR 285.29 bln vs INR 251.17 bln year ago
--PFC Apr-Sept net profit INR 89.63 bln vs INR 80.88 bln year ago
--PFC Jul-Sept revenue INR 147.56 bln vs INR 132.07 bln year ago
--PFC Jul-Sept net profit INR 44.62 bln vs INR 43.70 bln year ago
--PFC Jul-Sept net profit INR 44.62 bln
By Krity Ambey
NEW DELHI – Power Finance Corp. Ltd. posted only a marginal rise in net profit for the September quarter despite a healthy income growth, as provisions ate into the company's bottom line. The financier had reported provisions reversal in the corresponding quarter a year ago.
PFC's net profit inched up 2% on year to INR 44.62 billion in the September quarter. Sequentially, the company's net profit was lower than INR 45.02 billion in the trailing quarter. PFC had reported provisions reversal in the June quarter as well.
The non-banking finance company provisioned INR 2.42 billion for bad loans in the September quarter, against an impairment write-back of INR 1.24 billion in the corresponding quarter a year ago. In the trailing quarter, PFC had an impairment write-back of INR 6.82 billion. As provisions made a comeback, PFC's total expenses jumped nearly 19% on year to INR 92.16 billion in the reporting quarter. Sequentially, the NBFC's total expenses were up close to 12%.
The power financier's revenue from operations grew nearly 12% on year to INR 147.56 billion in the reporting quarter. Sequentially, the revenue from operations increased 7% from INR 137.73 billion rupees in Apr-Jun.
The company also declared an interim dividend of INR 3.65 per share with the record date being Nov. 26. Shares of PFC extended losses after the results and closed 1.5% lower at INR 380.25 Friday on the National Stock Exchange.
The company's profit in the first half of the financial year grew nearly 11% to INR 89.63 billion. Its revenue increased 14% to INR 285.29 billion during Apr-Sept. For the six-month period, the company had an impairment write-back of INR 4.40 billion. End
Edited by Vandana Hingorani
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