Earnings Review
PFC Jan-Mar net profit jumps 24% on year, tops Street view
This story was originally published at 14:29 IST on 13 May 2026
Register to read our real-time news.Informist, Wednesday, May 13, 2026
Please click here to read all liners published on this story
--PFC Jan-Mar net profit INR 63.25 bln
--Analysts saw PFC Jan-Mar net profit at INR 50.97 bln
--PFC Jan-Mar revenue INR 153.19 bln
--PFC Jan-Mar net profit INR 63.25 bln vs INR 51.09 bln year ago
--PFC Jan-Mar revenue INR 153.19 bln vs INR 149.39 bln year ago
--PFC to pay INR 3.95 per share final dividend
--PFC FY26 net profit INR 200.51 bln vs INR 173.52 bln year ago
--PFC FY26 revenue INR 585.04 bln vs INR 530.99 bln year ago
By Shubham Rana
NEW DELHI - Power Finance Corp. Ltd. Wednesday reported a higher-than-expected net profit for the March quarter mainly because of a write-back in provisions for bad loans. Lower expenses on fair value changes and employee benefits also helped the rise in the bottom line.
The state-owned company posted a net profit of INR 63.25 billion, up nearly 24% on year and 33% on quarter, for the March quarter. Analysts had estimated the company's net profit around INR 50.97 billion.
The company had a write-back for impairment on financial instruments of INR 13.82 billion for the reporting quarter. In the year-ago quarter, impairment on financial instruments were INR 4.45 billion.
PFC's shares rose further after the release of the financial results. At 1338 IST, shares of the company traded 2.3% higher at INR 450.70 on the National Stock Exchange. Before the results were released, the share price was up around 1%. The company will pay a final dividend of INR 3.95 per share for 2025-26 (Apr-Mar).
The power finance company's employee benefit expenses fell 24% on year and 13% on quarter to INR 665 million in the March quarter, while net loss on fair value changes declined to INR 320 million from INR 1.08 billion a year ago. This helped bring down total expenses to INR 75.84 billion from INR 88.42 billion a year ago.
Total revenue from operations rose 2.5% on year to INR 153.19 billion in the March quarter, the slowest growth in the top line in 15 quarters. Fees and commission income rose over three-fold in the March quarter to INR 2.17 billion, while interest income was up just 1.5% at INR 139.25 billion.
For the financial year ended March, PFC reported the highest ever net profit of INR 200.51 billion, up 15.6% on year. Total revenue rose 10% to INR 585.04 billion in FY26.
The company's gross loan assets rose to INR 5.8 trillion as of March-end from INR 5.4 trillion a year ago. Of the total loan book, 16% was for the renewable energy sector, the company said. Gross credit impaired asset ratio was 1.09% as of March-end and the net credit impaired asset ratio was 0.15%. The company maintained 86% provisioning on non-performing assets. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Vandana Hingorani
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
