Government-owned Power Finance Corporation (PFC) has recorded a net profit of ₹43.70 billion (~$524.5 million) during the second quarter (Q2) of the financial year (FY) of 2025, a year-over-year (YoY) increase of 13.6%.

The public infrastructure company posted revenue of ₹132.15 billion (~$1.59 billion), an increase of 12.1% YoY.

The company recorded ₹12.48 billion (~$149.8 million) in dividend income and an additional ₹500 million (~$5.9 million) as fees and commission income.

During Q2 FY 2025, PFC distributed loans amounting to ₹327.70 billion (~$3.93 billion).

1H 2024-25

PFC’s net profit for the year’s first half (1H) came in at ₹80.88 billion (~$970.6 million), an increase of 18% YoY.

The company’s income for the period stood at ₹251.32 billion (~$3.02 billion), an increase of 14.6% YoY.

For 1H, PFC approved ₹704.99 billion (~$8.46 billion) and disbursed ₹315.08 billion (~$3.78 billion) under the late payment surcharge program.

PFC has recorded a 155% YoY increase in loan disbursements, growing from ₹217.90 billion (~$2.61 billion) in 1H FY24 to ₹555.62 billion (~$6.67 billion) in the current six months.

As of September 30, 2024, the company’s gross loan assets for renewable energy generation companies stood at ₹521.26 billion (~$6.26 billion). Large hydro projects’ (>25 MW) loan assets were ₹156.64 billion (~$1.88 billion), and the loan assets for solar, wind, and other renewable energy projects stood at ₹364.62 billion (~$4.38 billion).

The Net Non-Performing Asset (NPA) ratio decreased from 1.27% in the first half of 2024 to 0.72% in the first half of 2025. The gross NPA ratio declined from 4.38% to 2.71% over the same period.

The consolidated loan asset book reached ₹9.24 trillion (~$110.9 billion) as of September 30, 2024, increasing by 20% YoY.

The company recorded a 21% increase in consolidated net worth, which stands at ₹859.24 billion (~$10.31 billion).

PFC Chairperson and Managing Director Parminder Chopra commented, “Our robust financial performance reflects PFC’s strong market position and the growing demand for power sector financing. We continue to focus on maintaining asset quality while supporting India’s evolving energy landscape.”

The company’s board of directors declared a second interim dividend of ₹3.50 (~$0.04) per equity share for FY25, in addition to the first interim dividend of ₹3.25 (~$0.03) per share paid earlier this fiscal year.

PFC reported a 20% increase in consolidated profit after tax, rising from ₹59.82 billion (~$712.6 million) in Q1 FY 2024 to ₹71.82 billion (~$855.4 million) in Q1 FY 2025.

PFC recorded a total income of ₹241.76 billion (~$2.89 billion) for Q4 FY24, a 20% YoY increase from ₹200.74 billion (~$2.4 billion).