Power Finance (PFC) Q4 23/24 earnings summary

Executive summary

• Achieved record annual profit of ₹14,367 crore, up 24% year-over-year, and highest-ever disbursements of ₹1,27,656 crore, a 49% increase from previous year.

• Loan asset book grew 14% to ₹4,81,462 crore; renewable loan book rose 25% to ₹60,208 crore.

• Net worth increased 16% to ₹79,203 crore; maintained strong CRAR at 25.41%.

• Declared highest-ever dividend of ₹13.50 per share; market capitalization reached ₹1.8 trillion.

• Net NPA reduced to 0.85%, the lowest in eight years.

Financial highlights

• Standalone total income: ₹46,034 crore (up 16% year-over-year).

• Standalone profit after tax: ₹14,367 crore (up 24% year-over-year).

• Consolidated profit after tax: ₹26,461 crore (up 25% year-over-year).

• Consolidated loan asset book: ₹9,90,824 crore (up 16% year-over-year).

• Dividend payout: ₹4,455 crore for FY24.

• 54EC bonds portfolio grew 36% to ₹8,994 crore.

Outlook and guidance

• Indian power sector expected to see robust growth, driven by government reforms, infrastructure expansion, and renewable energy targets.

• Focus on expanding access to electricity, supporting clean energy, and addressing transmission/distribution challenges.

• Committed to leveraging expertise and financial resources to support sustainable and resilient power infrastructure.