PFC’s Q2/H1’25 Results: 8th November ‘2024
Consolidated Financial Highlights
- 14% increase registered in consolidated Profit After Tax from Rs. 12,610 cr. in H1’24 to Rs. 14,397 cr. for
H1’25. - Consolidated Net worth (including non-controlling interest) increased by 17% from Rs. 1,23,703 cr. as on 30.09.2023 to Rs. 1,45,158 cr. as on 30.09.2024
- 13% growth witnessed in Consolidated Loan Asset Book from Rs. 9,23,724 cr. as on 30.09.2023 to
10,39,472 crores as on 30.09.2024. - Owing to concentrated resolution efforts, consolidated Net NPA has reached its lowest level at 0.80% in
H1’25 vis-à-vis 0.98% in H1’24. Gross NPA also declined significantly by 78 bps from 3.40% in H1’24 to 2.62% in H1’25.
Stand Alone Financial Highlights
- Registered highest ever quarterly Profit After Tax (PAT) of Rs. 4,370 cr. in Q2’25, an increase of 14% from Rs. 3,847 cr. in Q2’24.
- For H1’25, PFC delivered PAT of Rs. 8,088 cr., an impressive increase of 18% from Rs. 6,854 cr. in H1’24.
- PFC board declared an interim dividend of Rs. 3.50 per share, taking cumulative interim dividend to Rs. 6.75 per share.
- 10% growth registered in loan asset book- from Rs. 4,49,458 cr. as on 30.09.2023 to Rs.4,93,363 cr. as on
30.09.2024. - PFC continues to maintain healthy capital adequacy levels quarter after quarter. CRAR as on 30th
September,2024 is at 24.38%, with Tier 1 capital at 22.29%. - 15% increase in net worth from Rs. 74,445 cr. as on 30.09.2023 to Rs. 85,924 cr. as on 30.09.2024
- In Q2’25, PFC successfully reached resolution in Lanco Amarkantak Power Ltd of Rs. 2,376 crores.
- Gross NPA ratio reaches below 3% and is at 2.71% for H1’25 vis-à-vis 3.67% for H1’24. Net NPA Ratio also saw a significant reduction of 28 bps from H1’24 and is at its lowest level at 0.72%.
- PFC is the first Indian PSU to successfully secure the largest-ever foreign currency term loan deal
amounting to USD eq 1.265 bn in Q2’25.
Management Comments
- “On PFC’s performance, Director (Finance), Mr. Sandeep Kumar shared that PFC maintains its track
record of financial excellence. We achieved record-breaking quarterly profits of Rs. 4,370 cr in
Q2’24, with a year-on-year increase of 14%. Our commitment to financial health extends beyond
profitability. This quarter, we successfully reduced Net NPA levels below 1%, reaching a level of
0.72%. This achievement reflects our active efforts in resolving stressed assets. We will continue to
leverage our strengths and remain committed to delivering strong performance quarter on
quarter. - “On PFC’s performance, Chairman and Managing Director, Ms. Parminder Chopra shared that PFC
has once again delivered a remarkable quarter, marked by strong disbursements of Rs. 46,663 cr.
Maximizing returns for our valued shareholders remains our top priority. In this quarter, our Board
has declared an interim dividend of Rs. 3.50 per share. Our subsidiary, PFC Infra Finance IFSC Ltd
based in IFSC GIFT City Gujarat, commenced foreign currency lending operations in October 2024.
This makes it the first company to commence power and infra lending business in IFSC. We are
confident that our strategic initiatives will drive long-term growth and create sustainable value for
all stakeholders.
