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PFC Reports 25% Rise in Q1 Net Profit and Declares Rs 3.70 Interim Dividend

Robust lending growth drove a 22.7% rise in net interest income

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Overview

  • Consolidated net profit surged 25% year-on-year to Rs 8,981 crore in the April–June quarter
  • Net interest income rose 22.7% to Rs 11,054 crore, fuelled by a 13% expansion of the loan book to Rs 11.34 lakh crore
  • Total income climbed 19.4% to Rs 13,721.5 crore as demand for power and infrastructure financing held firm
  • The board approved an interim dividend of Rs 3.70 per share, setting August 8 as the record date and targeting payment by September 5
  • Shares gained nearly 1% to about Rs 417 on the NSE following the strong quarterly results