PFC net profit dips marginally to over Rs 7 681 cr in Q2

New Delhi, Nov 4 (PTI) State-owned PFC on Wednesday posted a marginal dip of around 2 per cent in consolidated net profit to Rs 7,681.51 crore in the September quarter of FY27, citing higher expenses.

     It had clocked a profit of Rs 7,834.39 crore "from continuing and discontinued operations" in the second quarter of the preceding 2025-26 financial year, the company said in a statement.

     During the latest July-September period, the company's total income stood at Rs 29,234.42 crore, just 1.15 per cent up from Rs 28,901.10 crore in the same period a year ago.  

     The company increased its expenses to Rs 19,453.12 crore from Rs 18,843.74 crore, posting a year-on-year (y-o-y) rise of over 3 per cent.  

     In a separate statement, the company said its consolidated loan asset book stood at Rs 11,89,152 crore as on September 30.  

     Until September this year, PFC has raised around USD 1.4 billion under the concessional foreign exchange swap facility introduced by the RBI for pubic sector enterprises, which is available until December 31, 2026.  

     During the reporting quarter, the company also declared an interim dividend of Rs 4.10 per share.  

     Under the Ministry of Power, Power Finance Corporation (PFC) is a leading non-banking financial corporation in the country focussing on energy projects.

(This story has not been edited by THE WEEK and is auto-generated from PTI)