Power Finance Corporation Ltd.

PFCFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

6 transcript(s)/analyst meet(s) served; 6 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 6 documents here); elsewhere sentences render unattributed.

Kind	Date	Period	Served
ANALYST_MEET	20240214	2023-12-31	yes
COVER_LETTER	20240812	2024-06-30	no
DUPLICATE	20240812	2024-06-30	no
ANALYST_MEET	20241114	2024-09-30	yes
DUPLICATE	20241114	2024-09-30	no
ANALYST_MEET	20250219	2024-12-31	yes
ANALYST_MEET	20250528	2025-03-31	yes
DUPLICATE	20250528	2025-03-31	no
COVER_LETTER	20251112	2025-09-30	no
DUPLICATE	20251112	2025-09-30	no
ANALYST_MEET	20260520	2026-03-31	yes

PFC

files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity


Statement division	nbfc
Scope served	consolidated
Panels on this page	4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.


Last close	339.35
52-week range	335.05 – 481.4
Return 1M	-7.53%
Return 3M	-21.56%
Return 1Y	-17.37%
Return 3Y	42.46%
Return 5Y	213.86%
Market capitalisation	not shown — we could not confirm it
Shares outstanding	not shown — we could not confirm it
P/E	not shown — we could not confirm it
P/B	not shown — we could not confirm it
EV/EBITDA	not shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.


Revenue from operations	28,527.00
Other income	36.00
Total income	28,563.00
Cost of materials consumed	0.00
Purchases of stock-in-trade	0.00
Changes in inventories	0.00
Employee benefit expense	158.00
Finance costs	17,250.00

Ownership — 2026-06-30, and the change from 2026-03-31

Holder	Per cent	Change
promoter and promoter group	0.56	0.00
institutions foreign	0.21	0.01
institutions domestic	0.15	-0.01
mutual funds	0.09	0.00
public	0.44	0.00

Documents on file

Class	Most recent	On file
ANALYST_MEET	2026-03-31	5
COVER_LETTER	2025-09-30	2
DUPLICATE	2025-09-30	4

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line	2022-06-30	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30	2023-12-31	2024-03-31	2024-06-30	2024-09-30	2024-12-31	2025-06-30	2025-09-30	2025-12-31	2026-03-31	2026-06-30
Revenue from operations	18,602.00	19,336.00	19,639.00	20,061.00	20,992.00	22,391.00	236.00	24,141.00	24,717.00	25,722.00	26,798.00	28,539.00	28,890.00	29,095.00	28,920.00	28,527.00
Other income	12.00	8.00	24.00	13.00	9.00	13.00	0.00	35.00	20.00	33.00	24.00	90.00	11.00	46.00	-63.00	36.00
Total income	18,614.00	19,344.00	19,663.00	20,074.00	21,001.00	22,404.00	236.00	24,176.00	24,737.00	25,755.00	26,822.00	28,629.00	28,901.00	29,141.00	28,857.00	28,563.00
Cost of materials consumed	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Purchases of stock-in-trade	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Changes in inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee benefit expense	139.00	91.00	122.00	87.00	116.00	116.00	1.00	128.00	129.00	129.00	123.00	139.00	142.00	152.00	141.00	158.00
Finance costs	10,837.00	11,413.00	12,129.00	12,637.00	13,670.00	14,313.00	148.00	15,152.00	15,519.00	16,006.00	16,560.00	17,204.00	17,314.00	17,572.00	17,333.00	17,250.00
Depreciation and amortisation	12.00	12.00	14.00	14.00	12.00	13.00	0.00	15.00	12.00	13.00	15.00	14.00	15.00	18.00	16.00	18.00
Other expenses	1,427.00	1,234.00	577.00	625.00	-252.00	385.00	4.00	444.00	158.00	648.00	350.00	933.00	822.00	456.00	966.00	1,109.00
Total expenses	13,103.00	12,740.00	13,044.00	12,312.00	13,600.00	13,775.00	156.00	14,579.00	15,843.00	16,387.00	17,006.00	17,430.00	18,844.00	18,621.00	17,765.00	17,303.00
Profit before exceptional items and tax	5,511.00	6,604.00	6,619.00	7,762.00	7,401.00	8,629.00	80.00	9,597.00	8,894.00	9,368.00	9,816.00	11,199.00	10,057.00	10,520.00	11,092.00	11,260.00
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-18.00	0.00	0.00
Profit before tax	5,511.00	6,604.00	6,619.00	7,762.00	7,401.00	8,629.00	80.00	9,597.00	8,894.00	9,368.00	9,816.00	11,199.00	10,057.00	10,502.00	11,092.00	11,260.00
Current tax	1,098.00	1,377.00	1,120.00	1,325.00	1,414.00	1,590.00	17.00	1,693.00	1,748.00	1,953.00	2,001.00	2,092.00	2,282.00	2,125.00	1,077.00	2,195.00
Deferred tax	-166.00	-2.00	257.00	308.00	5.00	410.00	0.00	347.00	-36.00	200.00	56.00	125.00	-59.00	164.00	1,417.00	67.00
Tax expense	932.00	1,375.00	1,378.00	1,633.00	1,419.00	2,001.00	17.00	2,041.00	1,712.00	2,153.00	2,057.00	2,218.00	2,223.00	2,290.00	2,494.00	2,262.00
Profit for the period	4,580.00	5,229.00	5,241.00	6,129.00	5,982.00	6,628.00	63.00	7,556.00	7,182.00	7,215.00	7,760.00	8,981.00	7,834.00	8,212.00	8,598.00	8,998.00
Profit attributable to owners	3,417.00	3,935.00	—	4,677.00	4,576.00	0.00	48.00	5,624.00	5,543.00	5,302.00	5,829.00	—	5,743.00	6,292.00	6,998.00	7,012.00
Profit attributable to non-controlling interests	1,162.00	1,294.00	—	1,452.00	1,406.00	0.00	12.00	1,932.00	1,639.00	1,912.00	1,931.00	—	2,091.00	1,919.00	1,599.00	1,986.00
Other comprehensive income	-887.00	-1,044.00	-46.00	847.00	306.00	846.00	-3.00	1,581.00	401.00	-1,080.00	172.00	-2,873.00	644.00	317.00	-5,087.00	4,448.00
Total comprehensive income	3,692.00	4,185.00	5,195.00	6,975.00	6,289.00	7,475.00	60.00	9,137.00	7,583.00	6,135.00	7,931.00	6,108.00	8,479.00	8,529.00	3,511.00	13,446.00
Earnings per share, basic	12.94	14.91	14.62	17.71	17.33	14.65	14.33	17.04	16.80	16.07	17.66	20.81	17.40	19.07	21.21	21.25
Earnings per share, diluted	12.94	14.91	14.62	17.71	17.33	14.65	14.33	17.04	16.80	16.07	17.66	20.81	17.40	19.07	21.21	21.25
Interest earned	18,306.00	19,225.00	19,348.00	19,617.00	—	22,095.00	233.00	—	24,526.00	25,398.00	26,400.00	28,258.00	28,069.00	28,468.00	28,166.00	27,947.00
Fees and commission income	160.00	67.00	98.00	223.00	—	91.00	1.00	—	130.00	98.00	110.00	173.00	654.00	445.00	471.00	360.00
Net gain on fair value changes	70.00	0.00	0.00	0.00	—	0.00	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend income	0.00	14.00	58.00	31.00	—	22.00	0.00	—	0.00	22.00	44.00	6.00	29.00	30.00	35.00	6.00
Rental income	0.00	0.00	0.00	0.00	—	0.00	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Annual results, as filed

Line	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31	2026-03-31
Revenue from operations	62,189.00	71,656.00	76,262.00	77,568.00	91,097.00	115,444.00
Other income	86.00	45.00	83.00	57.00	78.00	83.00
Total income	62,275.00	71,701.00	76,345.00	77,625.00	91,175.00	115,527.00
Cost of materials consumed	0.00	0.00	0.00	0.00	0.00	0.00
Purchases of stock-in-trade	0.00	0.00	0.00	0.00	0.00	0.00
Changes in inventories	0.00	0.00	0.00	0.00	0.00	0.00
Employee benefit expense	400.00	371.00	407.00	439.00	497.00	570.00
Finance costs	40,845.00	44,684.00	44,709.00	47,017.00	57,962.00	69,415.00
Depreciation and amortisation	24.00	25.00	35.00	52.00	53.00	63.00
Other expenses	5,661.00	823.00	2,424.00	3,863.00	954.00	3,181.00
Total expenses	48,204.00	51,816.00	52,940.00	51,129.00	57,587.00	72,659.00
Profit before exceptional items and tax	14,071.00	19,884.00	23,405.00	26,496.00	33,588.00	42,868.00
Exceptional items	0.00	0.00	0.00	0.00	0.00	-18.00
Profit before tax	14,071.00	19,884.00	23,405.00	26,496.00	33,588.00	42,850.00
Current tax	3,088.00	5,724.00	5,462.00	4,921.00	6,358.00	7,577.00
Deferred tax	1,527.00	-1,549.00	-848.00	397.00	769.00	1,648.00
Tax expense	4,615.00	4,175.00	4,614.00	5,317.00	7,127.00	9,224.00
Profit for the period	9,477.00	15,716.00	18,768.00	21,179.00	26,461.00	33,625.00
Profit attributable to owners	7,122.00	11,748.00	14,015.00	15,889.00	19,761.00	25,901.00
Profit attributable to non-controlling interests	2,355.00	3,968.00	4,753.00	5,289.00	6,700.00	7,724.00
Other comprehensive income	-889.00	548.00	122.00	-1,131.00	2,433.00	-6,999.00
Total comprehensive income	8,589.00	16,264.00	18,890.00	20,048.00	28,894.00	26,627.00
Earnings per share, basic	26.98	44.50	53.08	60.19	59.88	78.49
Earnings per share, diluted	26.98	44.50	53.08	60.19	59.88	78.49
Interest earned	61,628.00	70,845.00	74,887.00	76,496.00	—	112,961.00
Fees and commission income	162.00	490.00	1,070.00	549.00	—	1,743.00
Net gain on fair value changes	0.00	0.00	0.00	0.00	—	0.00
Dividend income	106.00	89.00	69.00	103.00	—	100.00
Rental income	0.00	0.00	0.00	0.00	—	0.00

Balance sheet, as filed

Line	2022-09-30	2023-03-31	2023-09-30	2024-03-31	2024-09-30	2025-09-30	2026-03-31
Total assets	811,240.00	896,112.00	975,072.00	1,038,877.00	1,103,361.00	1,222,629.00	1,244,579.00
Property, plant and equipment	690.00	738.00	728.00	724.00	713.00	741.00	748.00
Capital work-in-progress	41.00	11.00	15.00	28.00	53.00	105.00	128.00
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other intangible assets	47.00	45.00	42.00	1.00	0.00	6.00	6.00
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash and cash equivalents	2,423.00	128.00	6,290.00	339.00	5,215.00	5,262.00	1,409.00
Total equity and liabilities	811,240.00	896,112.00	975,072.00	1,038,877.00	1,103,361.00	1,222,629.00	1,244,579.00
Equity	102,280.00	111,981.00	123,703.00	134,289.00	145,158.00	166,821.00	173,441.00
Equity share capital	2,640.00	2,640.00	3,300.00	3,300.00	3,300.00	3,300.00	3,300.00
Other equity	73,866.00	81,518.00	89,993.00	97,847.00	106,746.00	123,686.00	129,561.00
Total liabilities	708,960.00	—	—	904,589.00	—	1,055,808.00	1,071,138.00

Cash flow, as filed

Line	2022-03-31	2022-09-30	2023-03-31	2023-09-30	2024-03-31	2024-09-30	2025-09-30	2026-03-31
Net cash from operating activities	1,632.00	-5,940.00	-74,699.00	-53,777.00	-97,820.00	-34,740.00	-8,676.00	-4,504.00
Net cash from investing activities	-367.00	-556.00	-1,694.00	-241.00	-3,409.00	-1,029.00	-1,564.00	2,755.00
Net cash from financing activities	-5,279.00	8,004.00	75,518.00	60,264.00	101,261.00	40,913.00	15,754.00	9,306.00
Purchase of property, plant and equipment	120.00	31.00	123.00	80.00	323.00	211.00	243.00	337.00
Net increase in cash	-4,014.00	1,508.00	-874.00	6,246.00	32.00	5,144.00	5,513.00	7,556.00
con:CFO.BEFORE_TAX	6,974.00	-3,796.00	-69,600.00	-51,164.00	-91,455.00	-31,499.00	-4,900.00	2,956.00
con:INTEREST_RECEIVED.OPERATING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:INTEREST_PAID.OPERATING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:DIVIDENDS_RECEIVED.OPERATING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:TAX_PAID.OPERATING	5,341.00	2,144.00	5,099.00	2,613.00	6,366.00	3,241.00	3,776.00	7,460.00
con:CF_OTHER.OPERATING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:INVESTMENTS_PURCHASED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:INVESTMENTS_SOLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:PPE_DISPOSALS	32.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00
con:CF_INVESTING.SUBSIDIARIES_SOLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:CF_INVESTING.JV_SOLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
con:CF_INVESTING.JV_ACQUIRED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder	2023-06-30	2023-09-22	2023-09-30	2023-12-31	2024-03-31	2024-06-30	2024-09-30	2024-12-31	2025-03-31	2025-06-30	2025-09-30	2025-12-31	2026-03-31	2026-06-30
Promoter and promoter group	55.99	55.99	55.99	55.99	55.99	55.99	55.99	55.99	55.99	55.99	0.56	0.56	0.56	0.56
Domestic institutions	18.13	18.07	17.89	17.52	18.26	17.08	17.48	17.16	16.18	16.12	0.16	0.15	0.15	0.15
Mutual funds	—	—	—	—	—	—	—	—	—	10.87	0.11	0.10	0.09	0.09
Insurance companies	5.31	5.08	5.11	5.32	4.87	4.52	4.54	4.21	4.06	3.85	0.04	0.04	0.04	0.04
Foreign institutions	17.50	16.74	16.85	17.86	17.19	17.93	17.74	18.04	18.84	18.66	0.19	0.18	0.20	0.21
Government	—	—	—	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00
Public	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	0.44	0.44	0.44	0.44
Non-institutional	8.38	9.19	9.26	8.63	8.55	9.00	8.79	8.80	8.98	9.22	0.09	0.10	0.09	0.09
Shares outstanding	2640081408	3300101762	3300101760	3300101760	3300101760	3300101760	3300101760	3300101760	3300101760	3300101760	3300101760	3300101760	3300101760	3300101760

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

Counterparty	Relationship	Type	Amount in the period	Transactions
REC Limited	Subsidiary	Dividend received	11,780,900,000.00	1
PFC Consulting Limited	Subsidiary	Any other transaction, Dividend received, Interest r	609,200,000.00	6
Rajiv Ranjan Jha	Key Menegerial Personnal	Any other transaction, Remuneration	5,500,000.00	3
Parminder Chopra	Key Menegerial Personnal	Any other transaction, Remuneration	4,900,000.00	2
PFC Infra Finance IFSC Ltd	Subsidiary of PFC	Any other transaction	4,700,000.00	1
Manoj Sharma	Key Menegerial Personnal	Remuneration	4,300,000.00	1
Sandeep Kumar	Key Menegerial Personnal	Any other transaction, Remuneration	3,900,000.00	3
Manish Kumar Agarwal	Key Menegerial Personnal	Any other transaction, Remuneration	3,600,000.00	3
DEOGHAR MEGA POWER LIMITED	Associate Company of PFC	Any other transaction	1,700,000.00	1
Deoghar InfraPower Ltd	Associate Company of PFC	Any other transaction	1,700,000.00	1
Orissa Integrated Power Ltd	Associate Company of PFC	Any other transaction	1,300,000.00	1
Odisha Infrapower Ltd	Associate Company of PFC	Any other transaction	1,300,000.00	1
BIHAR MEGA POWER LIMITED	Associate Company of PFC	Any other transaction	1,000,000.00	1
BHASKAR BHATTACHARYA	Independent Directors of PFC	Any other transaction	800,000.00	1
PRASANNA TANTRI	Independent Directors of PFC	Any other transaction	800,000.00	1

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

Date	Quarter	Who spoke
2025-02-19	Q3FY25	MANAGING DIRECTOR	Read the call
2024-11-14	Q2FY25	MANAGING DIRECTOR	Read the call
2024-02-14	Q3FY24		Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

Topic	Q2FY25	Q3FY24	Q3FY25
Capex	Are we seeing any movement on ground in terms of thermal capex, any sanctions that you could talk about?	I agree there has been till now there has been the slower pace for the progress under the RDSS but now in most of the cases the award of the contract …	—
Capital allocation	Continuing with our endeavor to share our success with the shareholders this quarter also, the Board had declared interim dividend of INR 3.5 per shar…	That is why if you remember we have taken the approval of the competition Commission of India at the time of acquisition and if you talk today also so…	—
Demand	So we have a healthy pipeline going forward also.	On the infra sector the total sanctions by PFC till date was Rs.31,222 Crores so there are certain other major sanctions in pipeline and apart from th…	We have in pipeline good disbursement planned out for the current quarter for the financial year FY '25.
Guidance	In line with the guidance shared in earlier calls, this quarter, the Lanco Amarkantak loan of INR2,376 crores has been resolved pursuant to receipt of…	Should I expect a slower disbursal under the DISCOMs for the next quarter also because that is the only way we can get to the loan growth for FY2024 t…	So in all this kind of backdrop, not just for Q4, for Q4 and FY '26, if you were to kind of highlight or provide some kind of guidance about growth in…
Margin	So how do you see the margin trending for us for the second half in case of -- just wanted to understand that part.	Would you be able to kind of like quantify how much should that be and the second part of that question is the renewable we understand is a lower marg…	—
People	—	Okay my second question was on the infra side so today of course we have sanctioned amount of Rs.33,000 Crores but on the softer aspect wanted to unde…	—
Revenue growth	The Group loan asset book registered a growth of 13% on year-on-year basis.	See on the growth front I just do not want to compare it with REC because every company has it owns policy but we want to have a sustainable growth ov…	so I mean you expect AUM growth of about 12%, 13% for this year and next?