Power Finance Corporation Ltd. (PFC) reported results for the December quarter that were higher on the core income and profitability front compared to the same quarter last year.Net Interest Income (NII) for the period grew by 19.4% year-on-year to ₹5,606.5 crore, while net profit grew 14.6% to ₹4,763.3 crore from ₹4,154.9 crore last year. Profitability was aided by a 98% sequential drop in provisions to just ₹5 crore from ₹242 crore in September. The sharp drop in provisions also means near-negligible credit costs.
Loan growth for the quarter increased by 13.1% year-on-year to ₹5.69 lakh crore.
Asset quality for PFC improved with Gross Credit Impaired Assets Ratio at 1.64% from 1.87% in the September quarter, while Net Credit Impaired Assets Ratio improving to 0.37% from 0.26% last quarter.The board of PFC also approved an interim dividend of ₹4 per share, the record date for which has been fixed as Friday, February 20, 2026.
Shares of PFC are trading little changed after the earnings announcement, currently trading at ₹415.15. The stock has remained flat over the last 12 months, but has gained 15% so far in the first 45 days of the year.
