PFC Q3 Results: Consolidated net profit surges 23% on higher revenues

The company had a consolidated net profit of Rs 6,294.44 crore in the corresponding quarter previous fiscal.

Total income of the firm rose to ₹26,821.84 crore in the quarter against ₹23,593.40 crore in the same period a year ago.

Quarter-on-quarter, the profit after tax increased by 10% from ₹5,302 crore recorded in the July-September period. Meanwhile, the company's revenue grew by 4% compared to the ₹25,722 crore reported by PFC in Q2FY25.

The company's net interest income (NII), which represents the gap between interest earned and interest spent, jumped 13% to ₹4,694 crore for the quarter, compared to ₹4,158 crore in the same quarter last year.

According to a statement, there is a 17% increase in consolidated profit after tax (net profit) to ₹22,157 crore during 9M'25 (April-December 2024) from ₹18,905 crore in 9M'24 (April-December 2023). Consolidated net worth, including non-controlling interest, grew 16% to ₹1,51,338 crore as of December 31, 2024, against ₹1,27,841 crore as of December 31, 2023.

About 12% growth was witnessed in consolidated loan asset book at ₹10,69,436 crore as of December 31, 2024, compared to ₹9,54,483 crore as of December 31, 2023.

Owing to concentrated resolution efforts, consolidated net non-performing assets (bad loans) has reached its lowest level at 0.73%in 9M'25 vis-à-vis 0.86% in 9M'24.

Gross NPA also declined significantly by 83 basis points (bps) to 2.30% in 9M'25 from 3.13% in 9M'24.

Its Chairman and Managing Director Parminder Chopra said the company's renewable portfolio registered a 28% year-on-year growth this quarter, reinforcing PFC's position as India's largest renewable energy lender.

The board also approved declaration of third interim dividend at ₹3.50 per equity share on the face value of the paid-up equity shares of ₹10 each for 2024-25.

The record date for the dividend is February 28, 2025. The date of payment or dispatch of the third interim dividend shall be on or before March 11, 2025.

Shares of the company closed at ₹370.25, declining 1.37% on BSE.