PFC reports Q4 profit growth and improved asset quality
Power Finance Corporation reported a 10.8% increase in Q4 net profit to ₹6,999 crore, despite a slight revenue decline. EBITDA rose 5% to ₹28,503 crore, with improved asset quality metrics, positively impacting market sentiment.
pre-market1 source ↓written by the desknot a recommendation
- despite
- ₹6,999 cr
- despite
- 1.2% revenue decline
- ₹28,919 cr
- EBITDA grew
- 5%
- ₹28,503 cr
Shares of Power Finance Corporation (PFC) gained on 13 May following its Q4 results, showing net profit up 10.8% YoY to ₹6,999 cr despite a 1.2% revenue decline to ₹28,919 cr. EBITDA grew 5% to ₹28,503 cr, with margins expanding to 98.6%. Asset quality improved, with Gross Credit Impaired Assets Ratio at 1.09%.
Not investment advice. For informational purposes only.