PFC Q1 Results 2024, Net Profit Rising by 24%

Power Finance Corporation (PFC), a state-owned company, has reported its financial results for the first quarter of the fiscal year 2024-25. The company has had a strong performance, with its net profit rising by 24% compared to the same period last year. In the April-June 2024 quarter, PFC earned a net profit of ₹3,718 crore. This is up from ₹3,006.9 crore during the same months in 2023.

The company's net interest income, which is the difference between the money it earns from loans and the money it pays out on its own borrowings, also saw a significant increase. For this quarter, PFC’s net interest income was ₹4,328 crore, up from ₹3,503.3 crore a year ago.

PFC has announced an interim dividend of ₹3.25 per share for its shareholders. This means that for each share a person owns, they will receive ₹3.25. The record date to check if you are eligible for this dividend is August 30, 2024. The payment of this dividend will be made on or before September 5, 2024.

PFC Q1 Results 2024 

Power Finance Corporation (PFC) has shared its financial results for the first quarter of the fiscal year 2024-25, covering April to June 2024. The results show that PFC has had a successful quarter with a notable increase in profit and income.

For the April-June quarter of 2024, PFC's net profit increased by 24% to ₹3,718 crore compared to the previous year. The company's net interest income also grew by 23.5% to ₹4,328 crore. To reward its shareholders, PFC has declared an interim dividend of ₹3.25 per share.

To be eligible for this dividend, shareholders must be on record by August 30, 2024, and the dividend will be paid by September 5, 2024.

Power Finance Corporation

Power Finance Corporation Ltd. (PFC) is a major financial company in India, owned by the Government of India. It was set up in 1986 and is based in New Delhi. PFC mainly provides financial support to the Indian power sector.

This includes offering different types of loans, such as Rupee Term Loans, Foreign Currency Loans, and Short Term Loans. They also help with financial consulting, investment banking, and managing loans.

In terms of size, PFC is one of the largest financial institutions in India. As of 2024, it has very high revenues and assets, making it a significant player in the financial market. It is also one of the top profit-making companies among government-owned enterprises in India.

PFC was initially fully owned by the government but went public in January 2007. The public offering was very successful, showing strong interest from investors. The company is listed on major stock exchanges in India, like the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).