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PFC has hit yet another milestone by delivering the highest annual profit ever of Rs.10,022 cr.-Dhillon

PFC Q4’22 & FY’22 Results - 25th May 2022

New Delhi : Pfc Announced  Q4’22 & FY’22 Results – 25th May 2022

  • Standalone
  • Highest ever Annual Profit in FY 22 – 19% increase in Standalone Profit After Tax from FY’21 – PAT at Rs. 10,022 cr. for FY’22.vs.Rs.8,444 cr. for FY’21.
  • Final Dividend of Rs.1.25 per share proposed by Board in Q4’22. Thus, so far PFC has given a total dividend of Rs.12 per share.
  • Sustained resolution efforts has resulted in Net NPA levels to drop below 2% – the lowest in  5 years – Net NPA ratio at 1.76% for FY’22 viz-a-viz 2.09% in FY’ 21. 
  • Healthy CRAR quarter on quarter. CRAR as on 31.03.2022 is 23.48% with Tier I capital of 20% and Tier II capital of 3.48%.
  • Consolidated 
  • 19% increase in Consolidated Profit After Tax from FY’21 – PAT at Rs. 18,768 cr. for FY’22.vs.Rs.15,716 cr. for FY’21
  • 15% increase in Net Interest Income from FY’21 – Net Interest Income at Rs. 30,178 cr. for FY’22 vs.Rs.26,162 cr. for FY’21
  • 31 bps reduction in consolidated net NPA ratio from 1.91% in FY 21 to 1.60% in FY’22 due to resolution of stressed assets.
  • Reduction in consolidated Gross NPA ratio to 5.02% in FY 22 from 5.29% in FY’21 due to resolution of stressed assets.
  • Mr. R.S. Dhillon, CMD Remarks – PFC’s CMD commented that I am happy to share that during this financial year, PFC has hit yet another milestone by delivering the highest annual profit ever of Rs.10,022 cr. PFC continues to stick to its commitment to share its success with the shareholder and accordingly, during the year, PFC has distributed nearly 32% of its profit through dividend to its shareholder. On the business front, power sector is still reeling under the impact of COVID pandemic as a result our loan asset book grew marginally. However, we are optimistic that with the economic activity bouncing back to its pre-covid level, PFC’s business activity would start picking up momentum.

Ms. Parminder Chopra, Director (Finance) Remarks – PFC’s Director (Finance) commented that despite a challenging environment, PFC has delivered historically high annual profits in FY 22. PFC during the year focused on building its capital buffer and creating a resilient balance sheet to tackle the adverse economic scenario. I believe that in future also, PFC will continue to work through the consequences of the pandemic and register profitable growth.

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