New Delhi: Power Finance Corporation (PFC) has announced its financial results for the first quarter of FY’25, registering a 24% increase in standalone profit after tax to ₹3,718 crore. The company’s consolidated profit after tax also rose by 20% to ₹7,182 crore.
PFC’s loan asset book has crossed the ₹10 lakh crore mark, standing at ₹10,04,735 crore as of June 30, 2024. The company’s net worth has surpassed ₹80,000 crore, reaching ₹83,265 crore, a 17% increase from the previous year.
The company’s financial position remains strong, with a comfortable capital adequacy ratio of 27.10% and a significant reduction in gross NPA ratio to 3.38%. PFC has also declared an interim dividend of ₹3.25 per share.
According to PFC’s management, the company is well-positioned to capitalize on opportunities in the power sector, with a strong focus on ESG initiatives and a commitment to a greener and more sustainable future.
