Power Finance Corporation (PFC) Limited has announced its results for the financial year (FY) 2024-25, ending March 31, 2025. The consolidated profit after tax (PAT) increased by 15 per cent from Rs 264.61 billion in FY 2023-24 to Rs 305.14 billion in FY 2024-25. The consolidated loan asset book grew by 12 per cent from Rs 9,908.2 billion as of March 31, 2024, to Rs 11,099.96 billion as of March 31, 2025.
Consolidated net worth, including non-controlling interest, increased by 16 per cent from Rs 1,342.89 billion to Rs 1,551.55 billion during the same period. Asset quality improved, with the consolidated gross non-performing assets (NPA) ratio declining to 1.64 per cent in FY 2024-25 from 3.02 per cent in FY 2023-24. Net NPA also declined 0.38 per cent in FY 2024-25, down from 0.85 per cent in FY 2023-24. The company remains the largest non-banking financial company in India with a total balance sheet size exceeding Rs 11.70 trillion.
On a standalone basis, PFC posted a 21 per cent increase in PAT from Rs 143.67 billion in FY 2023-24 to Rs 173.52 billion in FY 2024-25. In the fourth quarter (Q4) of FY 2024-25, PAT grew by 24 per cent to Rs 51.09 billion from Rs 41.35 billion in Q4 FY 2023-24. The loan asset book witnessed an increase of 12.81 per cent, from Rs 4,814.62 billion to Rs 5,431.2 billion, as of March 31, 2025. The renewable energy loan portfolio reached Rs 810.31 billion, which represents a 35 per cent increase year-on-year. Standalone net worth increased by 15 per cent to Rs 909.37 billion. The asset quality further improved with net NPA ratio declining to 0.39, and gross NPA reducing by 140 basis points to 1.94 per cent, in FY 2024-25. Additionally, the final dividend of Rs 2.05 per share proposed by the board of directors in Q4 takes the total dividend for FY 2024-25 to Rs 15.80 per share.
