PFC reports Q3 growth with improved asset quality and dividend
after close1 source ↓written by the desknot a recommendation
- in Net Interest
- 19.4% increase
- for Q3
- ₹5,606.5 crore
- net profit rising
- 14.6%
- ₹4,763.3 crore
- Assets Ratio
- 1.64%
Power Finance Corporation Ltd. (PFC) reported a 19.4% increase in Net Interest Income (NII) to ₹5,606.5 crore for Q3, with net profit rising 14.6% to ₹4,763.3 crore. Asset quality improved, with Gross Credit Impaired Assets Ratio at 1.64%. The board declared an interim dividend of ₹4 per share. 📈
This performance reflects strong core income growth and reduced credit costs, potentially boosting investor sentiment in the power sector.
Not investment advice. For informational purposes only.