PFC Q1 Results: Net profit rises 24% to Rs 3,718 crore, dividend of Rs 3.25 per share declared

State-owned Power Finance Corporation (PFC) has reported the financial quarterly results ending June 30, with around 24% rise in consolidated net profit at Rs 3,718 crore for the April-June quarter of 2024-25. The company reported a profit of Rs 3,006.9 crore in the same period a year ago.

The company's net interest income (NII), the difference between interest earned and interest expended, rose 23.5% to Rs 4,328 crore for the quarter as against Rs 3,503.3 crore in the corresponding quarter of the previous year.

Post earnings announcement, shares of Power Finance Corporation Ltd. were trading 3.30% lower at Rs 481.60 apiece on the NSE.

Read Also : NTPC-NPCIL Joint Venture 'ASHVINI' gets Govt approval

Meanwhile the declaration of interim dividend @32.50 % Rs. 3.25/- (Rupees Three and twenty-five paisa only) per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of U0/- each for the FY 2024-25 is made by the PSU company.

Further, it is to inform that 30.08.2024 (Friday) shall be reckoned as the 'Record Date' for the purpose of ascertaining the eligibility of shareholders for payment of interim Dividend for the FY 2024-25. The date of payment /dispatch of the aforesaid interim dividend shall be on or before 05.09.2024, it is added through exchange filing.

 

Read Also : RBI imposes penalty of Rs. 10.4 lakhs on HP Financial Services