PFC Q3 Results: Net Profit rises 23%, declares dividend of Rs 3.50 per share
The gross net performing assets stood at 2.68% against 2.71% on a sequential basis. Net NPA came in at 0.71% as against 0.72% quarter-on-quarter.
PFC Q3 Results Net Profit rises 23, declares dividend of Rs 3.50 per share
Power Finance Corporation (PFC), the stock of PSU, announced on Wednesday that its consolidated net profit for the October–December quarter of 2024–2025 increased by almost 23% to Rs 4,155 crore.
In the same time frame last year, the company reported a profit of Rs 3,377 crore. The company's net interest income (NII), the difference between interest earned and interest expended, rose 13% to Rs 4,694 crore for the quarter. The same was Rs 4,158 crore in the year-ago quarter.
The gross net performing assets stood at 2.68% against 2.71% on a sequential basis. Net NPA came in at 0.71% as against 0.72% quarter-on-quarter.
The company's December quarter loan growth stood at 10%, compared to its FY25 guidance of 14%. PFC has declared a third interim dividend of Rs 3.50 per equity share for the financial year 2024-25.
The record date for the same has been fixed as February 28, 2025. The date of payment of the dividend will be March 3, 2025.
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Shares of Power Finance Corporation Ltd. are currently trading 0.45% higher at Rs 377.20. The stock is down 16% so far in 2025.
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