Mumbai: Power Finance Corporation Limited (PFC), the leading power sector financier, reported a standalone net profit of ₹4,763 crore for Q3 FY2026, marking a 15% year-on-year growth from ₹4,155 crore in the same quarter last year.
The company's Board of Directors has declared a third interim dividend of ₹4 per equity share (40%) for FY 2025-26, taking the cumulative interim dividend for the year to ₹11.35 per share.
Q3 FY2026 Financial Snapshot (Standalone)
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Net Profit: ₹4,763 crore (Up 15% YoY)
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Revenue from Operations: ₹14,656 crore
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Profit Before Tax (PBT): ₹5,957 crore
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Earnings Per Share (EPS): ₹14.43
Nine-Month Performance (Apr-Dec 2025)
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Net Profit: ₹13,727 crore (Up 12% YoY)
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Revenue from Operations: ₹43,185 crore
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PBT: ₹17,010 crore
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EPS: ₹41.59
Core Business Shows Robust Health
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Interest Income: Grew to ₹13,936 crore in Q3 (₹12,417 crore in Q3 FY25)
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Loan Book Quality: Gross loan assets stood at ₹5,69,627 crore as of December 31, 2025.
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Asset Quality: Gross Stage 3 (Credit Impaired) assets ratio improved to 1.64% (from 1.94% in March 2025). The impairment coverage for Stage 3 assets remained strong at 84.23%.
Strong Financial Ratios & Capital Position
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Net Worth: ₹1,00,737 crore (Standalone)
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Capital Adequacy Ratio (CRAR): 22.39% - well above regulatory requirements
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Net Profit Margin: 32.49% (Q3)
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Debt-to-Equity: 4.74 times
Consolidated Performance Reflects Group Strength
The consolidated results, which include subsidiary REC Limited and others, showed even stronger numbers:
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Q3 Consolidated Net Profit: ₹8,212 crore
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Consolidated EPS (Q3): ₹19.07
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Consolidated Loan Book: ₹11,51,407 crore with Gross Stage 3 ratio at 1.26%
Key Developments & Disclosures
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Dividend Declaration: Third interim dividend of ₹4 per share, record date to be announced.
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Tax Compliance: Shareholders seeking lower TDS must submit Form 15G/15H by February 20, 2026 via the RTA portal.
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Fund Raising: Raised ₹7,986 crore through private placement of NCDs in November 2025, utilized for lending operations.
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Asset Quality: Expected Credit Loss (ECL) provisioning maintained prudently with external agency validation.
Management Outlook
The results demonstrate PFC's sustained dominance in power sector financing, with improving asset quality and strong capitalization supporting future growth. The company continues to play a pivotal role in financing India's power infrastructure development.