PFC registers 28% profit in quarter

Ms Parminder Chopra, Chairman and Managing Director with additional charge of Director (Finance), Power Finance Corporation, said, “we have delivered another successful quarter for FY 2024 with 28% increase in profit vis-à-vis Q2’23, reflecting our inherent strengths. Sharing our success with our shareholders has always been PFC’s philosophy. In this quarter, our Board has declared an interim dividend of Rs. 4.50 per share”. The power sector is evolving at an unprecedented pace as India strives to fulfil its energy transition vision including achieving 500GW of renewable capacity by the end of 2030. This is a positive indicator for PFC as it will bolster our growth prospects in the coming years. Our balance sheet strength and growing scale, strategically positions PFC to seize these promising opportunities.