PFC's Q3/9M’26 Results

Ø     Consolidated Financial Highlights

·  13% increase in consolidated Profit After Tax from Rs. 22,157 cr. in 9M’25 to Rs. 25,028 cr. for 9M’26

·  Consolidated Net worth (including  non-controlling interest) increased by 14% from Rs. 1,51,338 cr. as on 31.12.2024 to Rs. 1,71,890 cr. as on 31.12.2025

·  Consolidated Loan book stands at Rs. 11,51,407 cr. as on 31.12.2025 vs. Rs. 10,69,436 cr. as on 31.12.2024.

·  Owing to resolution of stressed assets, Net credit impaired asset ratio has reached its lowest level at 0.23% in 9M’26 from 0.73% in 9M’25. Gross credit impaired asset ratio also significantly declined by 104 bps from 2.30% in 9M’25 to 1.26% in 9M’26.

Ø     Stand Alone Financial Highlights

·  PFC’s net worth has crossed Rs 1 lakh crore mark and stands at Rs. 1,00,737 cr. as on 31.12.2025, an increase of 14% from 31.12.2024.

·  Gross credit impaired asset ratio has declined significantly by more than 1% from 2.68% in 9M’25 to 1.64% in 9M’26.

·  15% increase in Quarterly Profit After Tax, from Rs. 4,155 cr. in Q3’25 to Rs. 4,763 cr. in Q3’26

·  For 9M’26, PFC delivered PAT of Rs. 13,727 cr. vs Rs. 12,243 cr. in 9M’25, an increase of 12%.

·  22% Y-o-Y healthy growth in Net Interest Income from Rs. 13,430 cr. in 9M’25 to Rs. 16,373 cr. in 9M’26

·  PFC board declared an interim dividend of Rs. 4 per share, taking cumulative interim dividend to Rs. 11.35 per share.

·  13% Y-o-Y double digit growth in loan asset book from Rs. 5,03,824 cr. as on 31.12.2024 to Rs. 5,69,627 cr. as on 31.12.2025.

·  28% growth registered in the Renewable Asset Loan Book from Rs.69,423 cr. as on 31.12.2024 to Rs.89,169 cr. as on 31.12.2025

·  Successful resolution of TRN Energy loan of Rs. 1,139 cr outside NLCT in Q3’26. With this, Net credit impaired asset ratio for 9M’26 is at its new low at 0.26% vis-à-vis 0.71% in 9M’25

Ø     Management Comments

“On PFC’s performance, Director(Finance), Mr. Sandeep Kumar shared that we have delivered another strong quarter, marked by healthy 15% Y-o-Y increase in PAT in Q3, delivering a profit of Rs.4,763 cr. With the resolution of TRN Energy, our net credit impaired asset has reached its new low level at 0.26%, highlighting the continued improvement in our asset quality. Our net worth has crossed Rs 1 lakh crore mark, further strengthening our capital position.”

“On PFC’s performance, Chairman and Managing Director, Ms. Parminder Chopra shared that PFC has delivered a robust performance in 9M, recording double-digit loan asset growth of 13% Y-o-Y, with renewable energy book growing by 28%. Reflecting the company’s consistent focus on value creation, the Board has declared an interim dividend of ₹ 4 per share for the quarter.

The announcements in Union Budget 2026 has reaffirmed the Government’s strong commitment to infrastructure led growth, with continued focus on capital expenditure and energy security. For infrastructure financiers like PFC, the government thrust for clean and emerging technologies, such as CCUS, support for nuclear energy and strengthening of the solar supply chain, presents a favourable opportunity.

With our strong fundamentals, improving asset quality and comfortable capital levels, we are well positioned to capitalize on the emerging opportunities in the power and infrastructure segment.