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Informist, Friday, Aug. 7, 2026

By Vaishali Tyagi

NEW DELHI – Power Finance Corp. Ltd. on Friday reported its weakest year-on-year net profit growth since September quarter of 2021-22 (Apr-Mar) for the June quarter. The slowdown was mainly due to a fall in total expenditure that outpaced the rise in total income. Sequentially, the company's bottom line reverted to decline, after rising in the previous two quarters. The power financier beat Street estimates on net profit.

The state-owned company posted a net profit of INR 47.45 billion, up nearly over 5% on year and down nearly 25% sequentially for the June quarter. Analysts had estimated the company's net profit around INR 44.88 billion.  

The company detailed its June quarter earnings post market hours Friday. Friday, its shares ended marginally higher at INR 420 on the National Stock Exchange, after touching a low of INR 414.50.    

The company's total expenditure fell marginally on year to INR 80.82 billion, down over 2% on year. However, it rose nearly 7% on quarter. The company had a write-back for impairment on financial instruments of INR 5.56 billion for the reporting quarter. In the year-ago quarter, impairment on financial instruments were INR 6.82 billion. The power finance company's employee benefit expenses rose 12% on year and 19% on quarter to INR 790 million in the June quarter. 

Total revenue from operations rose to INR 139.93 billion in the June quarter from INR 137.73 billion in the corresponding quarter a year ago. However, it fell sequentially by nearly 9%. Fees and commission income rose significantly in the June quarter to INR 2.51 billion from INR 285 million in corresponding quarter a year ago. It is up nearly 16% on quarter. 

The state-owned company will pay an interim dividend of INR 3.90 per share and announced Aug. 27 as the record date. The company's gross credit impaired asset ratio was 1.11% as on June-end, marginally up from 1.09% as of March-end and the net credit impaired asset ratio was unchanged from March end at 0.15%.  End

Edited by Deepshikha Bhardwaj

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