PFC reports 3% net profit rise, merger with REC by 2027
pre-market1 source ↓written by the desknot a recommendation
- in consolidated net
- 3% increase
- their merger
- 1 April 2027
Power Finance Corporation (PFC) reported a 3% increase in consolidated net profit, impacted by borrower prepayments and rupee depreciation. PFC and REC Ltd aim to finalize their merger by 1 April 2027, creating a unified financing platform for the power sector. Both boards have approved the merger, pending regulatory approvals.
Not investment advice. For informational purposes only.