PFC net profit rises marginally to Rs 8,998 crore in Quarter 1

State-owned Power Finance Corporation (PFC) on Friday reported a marginal rise in its consolidated net profit to Rs 8,998 crore in the June quarter. The company’s total revenue from operations stood at Rs 28,526.86 crore in the quarter against Rs 28,539.04 crore.  “Rs 8,998 crore consolidated profit after tax (net profit) recorded in Q1 FY27 vs Rs 8,981 crore in Q1 FY26,” a company statement said.

The consolidated loan asset book stands at Rs 11,60,133 crore as of June 30, 2026.

PFC Group continues to be the largest renewable financier in the country, with a renewable loan book at Rs 1,63,184 crore as of June 30, 2026. The consolidated net worth (including non-controlling interest) was Rs 1,87,106 crore as of June 30, 2026.

On the asset quality front, net credit impaired asset ratio (stage III) slipped 18 bps year-on-year to 0.13 per cent in Q1 FY27.  Gross credit impaired asset (Stage III) ratio also declined by 81 bps to 0.66 per cent from 1.47 per cent a year earlier.

The board, in its meeting on Friday, also approved an interim dividend of Rs 3.90 per share in the first quarter.

PFC Chairman and Managing Director Parminder Chopra shared that with a clear focus on delivering sustained value to our shareholders, the Board has declared an interim dividend of Rs 3.90 per share.

PFC continues to demonstrate resilient performance in a dynamic financing landscape, supported by a robust balance sheet and healthy asset quality, she noted.

With solid fundamentals and a clear strategic focus, PFC is well capitalised to tap on emerging opportunities in the power and renewable energy sectors and drive long-term growth, Chopra added.

On a standalone basis, the company recorded a net profit of Rs 4,745 crore in Q1 FY27 against Rs 4,502 crore a year ago.