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PFC Posts 25% Jump in Q1 Profit, Declares Rs 3.70 Interim Dividend

Higher net interest income underlies the strength of PFC’s latest quarterly performance

Overview

  • PFC’s consolidated net profit climbed 25% year on year to Rs 8,981 crore in the April–June quarter
  • Net interest income increased 22.7% to Rs 11,054 crore thanks to broader lending margins
  • The gross non-performing asset ratio fell to 1.47% from 2.97% a year earlier, reflecting improved asset quality
  • Consolidated loan assets expanded 13% to Rs 11.34 lakh crore as demand for power infrastructure financing remained strong
  • The board declared an interim dividend of Rs 3.70 per share with August 8 set as the record date